You Can’t Borrow Your Way Out Of Debt
This article is rather loaded but it provides a different viewpoint on our crisis, the dollar, and tarp.
Click Here To Read About Borrowing Your Way Out Of Debt & Our Current Crisis
Article Synopsis: (Via Burning Platform)
“There were no real examinations. Banks continue to overstate asset quality. The bankers pressured Congress, which extorted the Financial Accounting Standards Board, which gutted the accounting rules on loss recognition. Because there were no real examinations, there were no real stress tests.”
The Obama administration has chosen to go with a plan centered around creative accounting, creative financing, and a creative public relations campaign versus the system correcting creative destruction. This is a plan of imminent destruction of our economic system.
Click Here To Read About Borrowing Your Way Out Of Debt & Our Current Crisis
