View Full Version: Elite Bankers Now Pulling Plug On Us Economy & Cur

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Title: Elite Bankers Now Pulling Plug On Us Economy & Cur


scuzzelbutt - December 20, 2007 06:22 AM (GMT)
http://www.federalobserver.com/archive.php?aid=7849 ............ I have warned for a long time that the Federal Reserve is planning to destroy the U.S. economy by: printing the U.S. dollar in exponentially riskier quantities until it blows off the charts and crashes ..... That great criminal enterprise - the Federal Reserve - has accomplished step #1, trashing and ending the dollar system, culminating a multi-year, massive, insane inflation of money supply and credit. The Illuminati corporations such as Freddie Mac, Fannie Mae, Farmer Mac, FHA, GM, Ford, and GE (which are actually banks), worked hand-in-hand with the Bank Cartel on this sickening, twisted game ... You just don't have a clue how dead serious this news is!! My guess (and experience) is that less than 1 person in 100,000 understands how horrible and total the economic devastation will be in America. Personally, I have met only one person (a broker in Los Angeles) who understood what was coming .... Russia announces anti-dollar war. Last week Russia announced it is now anti-dollar, Russia & socialist partner Germany discussed switching out of dollars and into euros for financing and, more importantly, conduct their huge oil transactions in euros, not dollars. No less than Duisenberg, head of the socialist European Central Bank (partner of the anti-American Federal Reserve) agreed, as did Communist Russia's partner, German Chancellor Gerhard Schroeder, in a recent meeting. [1]

Japan is unloading massive amounts of dollars, stocks, and US gov debt, as mentioned recently on this site's "Just The Facts" section. [2]

UKperspective - January 6, 2008 11:05 PM (GMT)
I agree that this could be the first global recession brought on by technical short term mismanagement of the western economy.

It seems to me that western economics has been far too greedy during the last cycle and governments have been unable to accept that an economy which slows down from time to time is a good thing, even an essential thing.
Instead we have a debt driven lifestyle which is quite fragile, and an overheated financial situatuation where a devaluation has been managed out of the news by central banks, leading to an inevitable cliff edge when banks will go bust and the governments wil run out of reserves to support them.




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