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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Chas. who wrote (28658)9/23/2003 9:50:53 PM
From: Jim Willie CB  Respond to of 89467
 
and another
23% of college graduates in the USA have already declared bankruptcy

this all started in 1971
when Nixon took USA off the gold standard for USDollar
all hell would break loose
in time
it required a few decades of undisciplined credit extension and monetary expansion

the Fed in the mid-1990 decade decided to expand money supply with an eye on the CPI, no longer keying off the GDP growth rate

this was the critical error which opened the fuching gate for disaster
with one stock bubble busted, GreenScheiss built bigger bond bubbles

now the devastation will be incredible
/ jim

p.s. I wish you wouldnt swear, very unseemly