The Problem
- From: nospam <nospam@xxxxxxxxxxxxx>
- Date: Tue, 23 Dec 2008 18:54:28 -1000
When I buy something, odds are, it has parts, components made outside
of my country. Using a letter of credit, parts and goods are
imported. When the alien country is being paid, they have an option
to invest what's due them, in bonds. They bought bonds based/backed
by real property. Greed within the real estate system caused these
bonds and some corporations to fault with future prospect of more
loss. Root problem, Greed with assumed over site. It may have been
assumed that business would continue as it was with their own checks
and balances.
While we flood the entire globe with the USD, it was accepted because,
till just before we attacked Saddam, no one dared tarnish our
agreement with OPEC (Saudi) that only the US dollar could be used to
buy oil. All nations needed the USD to supply their fuel needs.
Did this justify our invasion and the killing thousands of Iraqi?
Our present stand against Iran because they will take currencies
other than the USD for oil?
The primary job of Americans was to be international consumers,
encouraged by bank loans to keep the owners of the banks (federal
reserve.) in power.
Now, we are looking for a reason to be. More solutions then war and
arms.
2012 is fast approaching.
The more I know, the more I know - I don't know.
.
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