The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: axial	7/3/2012 3:38:10 AM
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Bob Diamond resigns as Barclays chief Bob Diamond has resigned as chief executive of Barclays with immediate effect, bowing to calls to go over the interest rate rigging scandal at the bank. telegraph.co.uk [You could fill a page with crimes committed by financial and corporate sectors. Crimes with slap-on-the wrist penalties and fines paid not by the criminals, but by shareholders and ultimately, a public that watched in disbelief as perps walked away with bonuses totaled in billions. Taxpayers, victimized twice: once by the original crimes, and again by bought politicians colluding with the financial sector in hiding and disguising the staggering extent of global damage. Damage measured in debt; in losses by tens of trillions, and in misery for hundreds of millions. In the 30's, at least there was some justice. Crooks went to jail. There was reform: principally, Glass-Steagall. Today's exposed fraud and crime was practiced globally and driven ideologically. Whole socioeconomic strata have been impoverished in many countries: in the present, and in a debt-burdened future] Jim

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