TREASON TREASON TREASON AND MORE TREASON
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10:40
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We shall see. I think they are smarter than that but they must be sure of check mate before they make a move to check. BRICs have time and they know that the actions being taken only weaken the US for the longterm.
tonyfarese 3 years ago
This guy seems to be acting nervous about something. Maybe he should cut back his consumption of red bull!
accountholder001 3 years ago
Let me get this right...
The people who just a few short weeks ago said there was nothing wrong with the economy and sniggered at those who tried to warn them, are now the ones who are going to sort it out.
They are going to draw money out of the economy (dip into our pockets), redistribute it to the institutions who created bad credit (and had to due to legislation such as "The Community Reinvestent Act") so they can continue to offer credit.
Right...
Now I feel much better =\
swiftysmithuk 3 years ago
My guess is that the G7 Plan will ultimately fail, since it seeks to prop up the failed US dollar.
JrGammel 3 years ago
Stock and currency markets will experience strong government intervention tomorrow, masking legitimate market tendencies. This will not restore the confidence of legitimate traders.
JrGammel 3 years ago
The G7 Plan seeks to perpetuate the failed US dollar. Since BRIC has a lot of US dollars, they must appear to cooperate by propping up the US dollar short-term. In the long-term, they want out of the US dollar.
JrGammel 3 years ago
The US dollar as the world's reserve currency works in favor of the US. If the US needs dollars, it creates them, while other nations must provide real goods and services for the dollars they get.
JrGammel 3 years ago 2
The G7 Plan allows failed banks and corporations to stay in business, propped up by taxpayer funds. This will not restore confidence.
JrGammel 3 years ago
The G7 Plan allows insolvent banks to continue to obscure their balance sheets. This will not restore confidence.
JrGammel 3 years ago
Paulson pledged that the President's Working Group on Financial Markets would continue to manipulate markets in the direction they desire them to go. Market manipulation will not restore confidence.
JrGammel 3 years ago