Debt Contagion and the Global Economic Collapse

TRANSCRIPT AND SOURCES:
http://www.corbettreport.com/?p=2316

World markets experienced dramatic losses and rebounds last week as investors watched economic developments in Greece with growing anxiety...

Category:

News & Politics

Tags:

• greece
• bailout
• eu
• imf
• riot
• austerity
• protest
• clash
• spain
• germany
• farage
• barroso
• us
• fed
• bernanke
• reserve
• economy
• foreclosure
• bank

[hopenchrist777]

Once again, you are an excellent reporter and I for one throughly respect and appreciate all you do to keep us informed on the "REAL" news! You my friend are "AWESOME"! I look forward each and every day to your reporting! May God bless you in all you say and do!

[qui3tude]

Lets face it, the whole system is totally unconscionable pyramid/ponzi scheme based in ever increasing debt and interest payments. The only way to get a head in this system, is to make someone else the bigger debtor/slave which equals making a dishonest gain in this zero-sum-game on someone else's expense.

The deal is that you become surety for this insanity whenever you accept a public benefit from this system. So basically its all by acquiescence and legal!

[lushfauna]

Dude, your on to something with this..... The Real news is a great idea! I'm hooked because I try to keep up myself but it's a lot of work- You might get BIG!

Great sh!t man

[Zacofonix]

I think it's pretty simple... we, uh, kill the Batman.

[BobbyWarrenMiller]

Our goal in the USA is to control all of Europe. Right now we do as we damn please in the UK and Germany. We have troops in most European countries and the funny thing is these damn sheep think we Yanks are there to help protect them. We could give a shit less about these cheap bastards. We want the land to put up our NEW WORLD ORDER bases like we have in Manwith Hill, UK. We also have two Abu Ghraib prisons in Europe. Just keep going, Baa, baa, baa morons.

[markerf16]

Bernasty or what ever the hell his name is.. He is not even a good actor or lier.. The NWO needs another chairmen cause I want to be at least entertained!!!

[kitabwalli]

Today is July 17th - why only today do I receive this very useful report?

[Rockstar97321]

@qui3tude Not quite sure what you mean; but money does not have to be debt-based. The US used to coin it's own money; in fact, it did for 137 years, and almost everyone had a nice savings account, before the Federal Reserve act of 1913. That is when the US skyrocketed to world power in a very short time. Then, in 1913, the bankers started creating all the money, and loaning it to US with interest; and everything went to hell - literally.

[qui3tude]

@Rockstar97321

Well the bankers do follow scripture in the sense that a false idol called the STATE can only produce SIN(debt), death and destruction. So in that sense you have to have debt based money, that is, if you're going build societal trust and relationships through a fictitious idol, that you make applications to.

Imo scripture explains what's going on. However it would behoove everyone to see beyond the charade of religious superstition.

Its all about the free vs the bonded.

[Rockstar97321]

Bernanke is lying. He knows exactly why the economy is tanking. It's because the USA does not create it's own money. It borrows money created by private banks (the Federal Reserve). Then it has to pay it back. We would not go into debt if we did not borrow; and the only way to do that is to create our own money. Duh! C'mon stupid Americans - THINK! Find a couple brain cells, already. My God. I live in the land of the morons!

[Rockstar97321]

@qui3tude Greece should do what Iceland did: Throw the bankers out of the country, ignore the debt, and print their own money. It's really pretty stupid to borrow money from private bankers when you can print your own. Bankers create money - ALL the money. Yet it is the highest right of any nation to print it's own money. In fact, all nations, including the USA should follow Iceland's lead. No borrowing = no debt. Simple.