Not scary, LONG PAST DUE.
Yes, it will be ugly, but we have to let these and the dominoes after them fall so we can get it out of the way and get back on sound footing. Government bailouts are going to do nothing but prolong and make the mess even bigger.
What really needs done is the entire federal reserve system needs trashed, and returned to FEDERAL CURRENCY backed by gold, and not federal reserve notes backed by debt. End of the day its very existence is why we are in the mess we are in as far as I’m concerned. THese snakes got a century to screw over the production and hard work of the American people, enough is enough.
Yes, it will be ugly, but we have to let these and the dominoes after them fall so we can get it out of the way and get back on sound footing. Government bailouts are going to do nothing but prolong and make the mess even bigger.
What really needs done is the entire federal reserve system needs trashed, and returned to FEDERAL CURRENCY backed by gold, and not federal reserve notes backed by debt. End of the day its very existence is why we are in the mess we are in as far as I’m concerned. THese snakes got a century to screw over the production and hard work of the American people, enough is enough.
Yes, but the cure may be worse than the disease. If a total collapse comes, I fear we won't be able to recover.
Do you know how much many mortgage debts were sold overseas and who bought them?