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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (258537)	7/5/2010 7:40:19 AM
From: arun gera	Read Replies (1) \| Respond to of 306849

>there is no reason society should pay private bankers and annual tax just so the nation can have a medium of exchange.> Were you protesting when US banks were similarly rescued in 1991 from their losses lending to latin american countries? The latin americans paid a heavy price trying to pay back those loans despite some debt forgiveness. Meanwhile the stock prices of banking sector in US grew at 15-20 percent a year for more than a decade. Again in this round of rescue, it may be the countries outside the US that may collapse first, because they have to earn their dollars by actually selling goods and services, while US can just print those dollars out of thin air. -Arun