Rising stocks come at the expense of a dying dollar.
By Daniel at 26 September, 2009, 10:40 pm
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That is very bad for the average american. our incomes are now worth less and our expenses become higher(forget government statistics). I think this is simply stage 1 of the Greater Depression. These things take time and the more government fights it, the worse it becomes.
State governments are struggling and are raising fees and taxes to cope. This leads to less money in the local economy, which leads to less jobs and again less taxes. We are in the midst of a vicious downward spiral.
On the bright side, this will do more good for the environment than anything government could do by passing laws. Growth isn’t always good, it may be time to start rethinking what it is we need to make this world better. I say a good start would be to get rid of the FED.
A private organization that creates money out of thin air and then charges a country’s people interest on that fake money? Unconstitutional and in my mind criminal. It’s time to recognize that this system was set up to benefit the elite at the expense of the rest of us. Lets hit the reset button and stop being slaves to the debt machine. Lets Re-institute the Constitution of the United States.
Gargamel
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