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Originally Posted by Astro_Bot
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Good link - should hopefully convince a few doubters that the big banks and their political associates are actually behind the massive debt issues the world is facing.
Bill Black is one of the good guys; there have been a few people screaming bloody murder and laying out the evidence for all to see for a few years now. The police appear to have gone fishing though.
I started educating myself about markets and macro economics from early 2008 since I would shortly have a retirement sum to care for. I read books and blogs for several hours most days for a couple of years.
The corruption in the US goes all the way to the federal reserve and there were a few people warning about what was about to happen in 2008 - fortunately I listened to them. I recall one notable TV personality who didn't see it coming was Alan Kohler, though he was in good company since most of the economic commentators on TV are wildly optimistic.
Nothing has improved, the US and Europe are in deep financial trouble, Japan is a complete basket case and China has it's own social and economic problems. If any one of those major economies collapses we all collapse with it. Historically the solution is a long bleak period of depression and war. But it was a beautiful sunny day here today