Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial System"

jcocks · 09-20-2008, 07:02 AM

It is my honest opinion that, although it was always planned for the world economy to collapse, it was never meant to happen like this. This wasn't in their plans - u can tell by the reactions that have been forthcoming from the governments of the world. The world ecxonomy is quite literally on life-support, with reserve banks pumping billions, if not trillions of dollars into it to keep it afloat.

And as for the "bad debt" fund the american government is setting up to buy bad debts off financial institutions in trouble.... I have done enough ecxonomics in high school to know you can't just make debts dissappear... Just what do they plan to do with the bad debts they buy??? Still, I guess the american government is so deep in debt these days that a few hundred billion dollars of extra bad debt isn't really going to be noticed...

09-20-2008, 07:02 AM	#5
jcocks Avalon Senior Member Join Date: Sep 2008 Posts: 27	Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys It is my honest opinion that, although it was always planned for the world economy to collapse, it was never meant to happen like this. This wasn't in their plans - u can tell by the reactions that have been forthcoming from the governments of the world. The world ecxonomy is quite literally on life-support, with reserve banks pumping billions, if not trillions of dollars into it to keep it afloat. And as for the "bad debt" fund the american government is setting up to buy bad debts off financial institutions in trouble.... I have done enough ecxonomics in high school to know you can't just make debts dissappear... Just what do they plan to do with the bad debts they buy??? Still, I guess the american government is so deep in debt these days that a few hundred billion dollars of extra bad debt isn't really going to be noticed...