Wednesday, August 14, 2013

When Will The Economy Collapse? The Worst Five Years Since the Great Depression

When Will The Economy Collapse?  
The Worst Five Years Since the Great Depression
August-14-2013-The financial crisis was caused by government, not Wall Street, which was just another victim of bad government policies. Those policies began in 1995 with President Clinton and his Executive Branch, regulatory, National Home Ownership Strategy, which was to sold as a program to expand home ownership without costing the taxpayers a dime. The regulations imposed under that strategy effectively looted the banks by trashing traditional lending standards, in the name of “fairness” of course That is how the subprime mortgage market exploded from 5% of all mortgages in 1994 to half of all mortgages by 2007. President Bush exacerbated the problem, further pumping up the housing bubble with his cheap dollar monetary policy, under the illogical, outdated, Keynesian thinking that a cheap dollar expands the economy by promoting exports.
AMERICA REBORN WORLD DEMOCRACY
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https://www.youtube.com/watch?v=0tsUZinrCo8&list=PLIN2I6lZqWL1I4x-VT6Sv60e6WHUHaZJK 





























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