07-08-2008, 06:26 AM
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Confirmed User
Industry Role:
Join Date: May 2007
Posts: 7,348
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Quote:
Originally Posted by xmas13
Debt is paper, worthless. It's just a promise.
Promise = lie.
A house of cards built on a mountain of lies. Will fall sooner or later anyway, if not during our lifetime, then later. You can't mortgage / borrow against finite resources indefinitely.
Real estate in the West is a gigantic ponzi just like retirement funds, insurance and banking.
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I understand what you are talking about. Just like Woodrow Wilson understood what he unwittingly did when he said...
Quote:
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"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence
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