Since this is less than half a percent, we can safely say that this is INSIGNIFCANT.
The Truth is the Banks are in trouble, big trouble. The profits they are showing are merely paperwork shuffles. The bad debt sitting on their book clearly outweighs the paper profits they are showing. And still Commercial Real Estate Forclosures have not kicked in.
Because we have not standard for our currency, it's not worth anything more than paper. And you could that with the FACT there is only $3 of hard currency in circulation per $100 of made up money on Bank Books you have a real crisis about to happen.
How do you avoid crisis and a crippling run on banks? YOU LIE! And you do it over and over consistently.
The Media is owned by the Bankers and they are doing everything they can to spin the numbers in a positive light.
We as a country are in serious, serious trouble. The only way to get out of trouble is to eliminate the Debt Model that put us there. The Federal Reserve has got to go. And when you throw out the debt Americans will be able to get back to work, create growth, and a sustainable economy. This collapse has been inevitable as you can not pay debt with debt.
Everything this administration does is insignificant! Want the economy to start rolling? Have Obama and Biden resign and that should do it!
Care to explain how these resignations would create real wealth?
Sure, this ineffective President policies are the reason no one wants to spend money. Businesses are scared that Cap and Trade/Health care will result in costing them more money, they should be worried because Obama is clueless and his advisers are morons! Need proof? What has the Stimulus accomplished? Nothing, except flooding this country with worthless money, no corporation would hire Obama to run their Company because he has no experience, but 53% of Americans were willing to let him try and run this Country. They were wrong to trust his ability to perform the task of bringing back the economy because he is INCOMPETENT! As for Biden, that should be obvious. With him gone his policies will just fade away, and the money will start flowing again. Watch how fast things get back on track after the 2012 beat down is done.
Really chomping at the bit for that Pelosi presidency, huh?
You'd probably call for all of their resignations or impeachments until a Republican popped up in the order of succession.
by Aficionada 7 years ago
http://news.yahoo.com/p-reconsidering-u … 07261.html"The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.S&P cut the long-term U.S. credit rating by one notch to AA-plus...
by fishskinfreak2008 8 years ago
http://news.yahoo.com/s/nm/20100122/ts_nm/us_obama"Let me dispel this notion that we were somehow focused on that (healthcare) and so as a consequence not focused on the economy. First of all, all I think about is how are we going to create jobs in this area".Well, healthcare is indeed...
by zzron 6 years ago
Maybe the word hate is a little strong. So why do people dislike President Obama and the way he is running the country? Are you an Obama fan? Yes, no, what is your opinion of Obama and his policies?
by Rhonda D Johnson 6 weeks ago
What did the US use for collateral when we borrowed money from other countries?We know that the US government has borrowed billions of dollars from China, Japan and other countries. But what did we use for collateral? I've been told that the United States is actually a...
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