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Stock Market, Monetary System - Verge of Collapse Video |
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Contributed by J. R. Ransom
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 Congressman Ron Paul Stock Market and Monetary System - Verge of Collapse Video (9min 49sec). This video lays out the underlying reasons behind the market crash. Very telling. Also note this is not just a normal market correction, this is the beginning of the collapse of our monetary system.
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." Thomas Jefferson.
"We face a coming financial crisis. Our current account deficit is more than $600 billion annually. Our foreign debt is more that $3 trillion. Foreigners now own over $1.4 trillion of our treasury and mortgage debt. We must borrow $3 billion from foreigners every business day to maintain our extravagant spending. Our national debt is increasing $600 billion per year, and guess what, we print over $600 billion per year to keep the charade going. But there's a limit."
"Now the Democrats on the Joint Economic Committee have released a report on the total costs of the military operations in Iraq and Afghanistan, including the 'hidden costs' such as interest on the money we're borrowing, and long term health care for vets. The bill comes to $3.5 trillion.
If $3.5 trillion is the true cost of these military adventures, $11,500 is the amount every man, woman and child in this country pays. So a family of four would pay $46,000 just for this war..."
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