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<p>[QUOTE="Ed23, post: 2197284, member: 32117"]It's not that the dollar was "weaker" back in 2008, but that the whole economy was on the verge of collapse. If you stop and think about it we still are on the verge of collapse. There is an estimated $250 billion dollars circulating in currency. That is about $200 billion dollars LESS than what Walmart sells annually, and Walmart is only one store. So when you hear the National Debt is causing our problems, you should say it's only a symptom of a much bigger problem. The problem that was causing the panic back in 2008 was the same problem that is cause for concern still and that is that we have a credit bubble that is about to burst. We have roughly $60 trillion dollars floating around in credit, and we have $250 billion dollars to cover it. Already we seeing big millionaires leave this country to move to other countries and they are taking their big money with them. Texas and Germany have requested their gold deposit be returned and they've not gotten them. The banks have been informed to notify law enforcement if customers want a mere $5,000 in cash from their own accounts; thankfully, not many have complied, yet. The problem is, if people begin to lose faith in bank deposits being available to them, the same scenario that caused the 2008 problem could repeat itself ... in short, what if those holding $60 Trillion dollars in credit and loans decide they want their money now? There would not be enough dollars to go around, all future credit/loans stop, all business would stop ... it doesn't take much to figure out next after witnessing Ferguson, Baltimore, and other places recently ... and here we all thought the TARP Bailouts was a combination of banker's greed and inept political leaders all these years, because the Feds knew if we knew what caused the real problem they couldn't possibly stop the panic for a mere $450 billion dollars in subsidies to big financial entities.[/QUOTE]</p><p><br /></p>
[QUOTE="Ed23, post: 2197284, member: 32117"]It's not that the dollar was "weaker" back in 2008, but that the whole economy was on the verge of collapse. If you stop and think about it we still are on the verge of collapse. There is an estimated $250 billion dollars circulating in currency. That is about $200 billion dollars LESS than what Walmart sells annually, and Walmart is only one store. So when you hear the National Debt is causing our problems, you should say it's only a symptom of a much bigger problem. The problem that was causing the panic back in 2008 was the same problem that is cause for concern still and that is that we have a credit bubble that is about to burst. We have roughly $60 trillion dollars floating around in credit, and we have $250 billion dollars to cover it. Already we seeing big millionaires leave this country to move to other countries and they are taking their big money with them. Texas and Germany have requested their gold deposit be returned and they've not gotten them. The banks have been informed to notify law enforcement if customers want a mere $5,000 in cash from their own accounts; thankfully, not many have complied, yet. The problem is, if people begin to lose faith in bank deposits being available to them, the same scenario that caused the 2008 problem could repeat itself ... in short, what if those holding $60 Trillion dollars in credit and loans decide they want their money now? There would not be enough dollars to go around, all future credit/loans stop, all business would stop ... it doesn't take much to figure out next after witnessing Ferguson, Baltimore, and other places recently ... and here we all thought the TARP Bailouts was a combination of banker's greed and inept political leaders all these years, because the Feds knew if we knew what caused the real problem they couldn't possibly stop the panic for a mere $450 billion dollars in subsidies to big financial entities.[/QUOTE]
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