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There are a few of us "loonies" who have been warning for a while now that a downturn was coming...well to be honest that the finiancial structure of the united states was going to destruct and become a smoking crater.
If you want to know more about what the hell that green piece of paper with mister washingtons picture on it in your pocket really is then watch this.
www.moneyasdebt.net
Also if you dont like watching informative cool videos you can read about in multiple places...
Just do search for money created from thin air and federal reserve.
Money Created "Out of Thin Air"
July 30, 2004
We hope this brief essay stimulates your thoughts with respect to how money is created - a secret all investors should know.
Money is created in two ways: First, money creation comes from borrowing it and spending it. (Money is literally borrowed and spent into existence.) Second, it can simply be printed up "out of thin air" by a central bank. The U.S. economy and other modern economies have central banks and fiat currencies. Central banks have two major powers. They can 1) "peg" the nominal level of short-term interest rates, and 2) purchase assets such as government debt, with newly printed money. When the central bank pegs short-term interest rates at a low level, it greatly encourages corporate and individual borrowing and spending.
For the past decade, most money has been created through private sector borrowing and spending. However, the day is fast approaching when the private sector's new borrowing will not create enough new money to keep servicing the already massive level of old debt. Central banks will need to step up their efforts to "print money out of thin air". Central bank printing of new money is accomplished by purchasing government debt or other assets.
then when you feel the need do a search on hyperinflation and zimbabwe
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