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And this time it isn`t just the rich who are invested in stocks. This crash will be far greater. It already is involving the rest of the world. Because Bear Stearns was an Investment Bank (not a traditional Savings Bank that we poor folk go to), their depositors (rich folk) got burned. No FDIC protection for those type of (security backed) deposits. And when the rich get burned... you know the crap is hitting the fan. And yes, it's spreading around the world. We're starting to feel it over here in Australia - it's certainly not confined to the US. The consequences of establishing the Fed back in 1913, by stealth, is now coming full circle. The fake money scheme will result in not only economic hardship, but global upheaval, because it is the worlds primary currency. Wars have historically been fought over the control of money, including America's own Revolutionary War. |
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