Europe and Japan: You're on your own America
No bailout from Europe and Japan. Good for them. I don't blame them.
http://www.nytimes.com/2008/09/23/bu...ss&oref=slogin |
Massive corruption and crime were involved in Japan's bubble and collapse.
I think we are going to see the same here in America. The stories will start, then pick up speed, then come to a full boil as we see how billions were stolen, with the American taxpayer holding the bag. A handful of people will be made examples of, and the rest will get away with it. |
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Banks gave organized crime-linked businessmen and the actual criminals themselves, HUGE, speculative non-backed loans. And when the investments started to fail, they gave these people EVEN more, desperately hoping they wouldn't fail. Of course they did. We'll see the same in America. Loans to shady figures, with no backing collateral, more loans to prop them up, finally being bailed out by Joe Taxpayer. That's how it ends folks. Other people getting rich and you and me paying for it. |
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If my reading of the BoM and today's society is correct, materialism is the greatest evil we face, and it goes unchecked, unabated in the church. |
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