Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Saturday, December 3, 2016

Global Banking Crises

We could be going into a terrible global banking crises, depending in which way the Italian vote goes.  The problem is DEBT and DERIVATIVES....way too much of both AND all these banks are interconnected and up to their eyeballs in non-performing debts.   

The whole banking system is set up like dominoes.  Have you ever played dominoes?  Do you have any money in these big banks, that play around with derivatives and loan out money to those who cannot pay them back.  The government is not going to bail them out the next time.  They are going to take YOUR money to save them.  It is called a BAIL-IN.

Thursday, March 20, 2014

Monday, October 17, 2011

Friday, February 25, 2011

Debt Disaster

When will Americans ever wake up and realize that the 'Debt Party' is over. For numerous years, for Americans and our government, it has been borrow and spend. How stupid is that. Almost every American is the same way. They can't save a dime. They have to spend every dime they get and then they have to pull out the credit card to buy more stuff. Our Government has done the same thing. Disaster is going to happen to millions of Americans.

Wednesday, January 12, 2011

I Have To Ask You...

...a question.  Why would anybody be a Democrat?   All they ever do is tax and spend.  Then you say, so do the Republicans.  And I say, not near as much.