The world is not flat!

Question: What’s next, one might ask?

Answer: Start a war with Iran, of course! Remember, this is how the USA got out of the Great Depression!

Answer: JP Morgan-Chase

Question: Which bank is one of the largest, most central banks in the Federal Reserve?

Answer: JP Morgan-Chase

Question: Why is JP Morgan-Chase allowed to rule on (as the Fed) on properties to enrich it’s own self-interests, and also allowed to PRINT UP CURRENCY FOR ONLY THE COST OF INK AND PAPER AND SELL IT BACK TO THE U.S. FOR FACE VALUE PLUS INTEREST?

Answer: Because of the Federal Reserve Act, of course!

Question: Why is the USA in such dire straits financially?

Answer: Because of the Federal Reserve Act, of course!

ABOLISH THE FEDERAL RESERVE!!

SHould there be a depression now, it will be because of the collapse of this debt-based monetary system (which btw was brand new after Wilson signed the FRA) which collapse, in turn was INEVITABLE. When your money supply is created entirely through debt (not talking about minting the bills here) then invariably and inevitably the ability of debtors to continue taking on more debt will end someday. Without new debt creation there can be no new money.
Regardless of whether the US taxpayer agrees to incur another 700billion in debt to inject into the markets or not, the collapse of this system is absolutely INEVITABLE.

However, the FR just today released 600 bill new money (from minting) into the market, which will flood the market with dollars and hasten the devaluation of the currency.

Therefore, unlike the 1929 depression which saw a scarcity of money, the USA will become more like the Weimar Republic, with its citizens lining up with barrels of worthless dollars to buy mere staples.

Short version: economic collapse is inevitable and the bailout would only have prolonged the inevitable, while rewarding the unspeakably greedy multi-millionaires who caused this mess in the first place.

The coming collapse may cause depression, or merely deepen the already full boar recession. What is clear is that our way of doing business and handling money MUST change or we are doomed to repeat this cycle endlessly.

Besides, this entire debt-based monetary system is doomed to crash anyway. Better now than when our children and grandchildren are in charge. We made this mess, the best thing to do is let it burn, baby, let it burn.

We need to get back to a sane way of money creation — like instead of our government BORROWING money, how bout it just issues it. . . just like the original constitution designated.

There is a reason the Earth’s population are debt slaves — bankers.