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Old 11-25-2008, 08:12 PM  
onwebcam
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It's not 700 billion folks. It's 7.7 trillion.

To get an understanding you have to educate yourself. The 700 billion is the reserves held by the Federal Reserve. They lend out 10x that amount...

U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit (Yeah you read that right 7.7 trillion not 700 billion and they aren't finished yet. That's $24,000 for every man woman and child in the country. 1/2 of the entire GDP last year)

http://bloomberg.com/apps/news?pid=2...Drk&refer=home


Some learning material.

Watch this video for a brief overview.

https://youtube.com/watch?v=65Vkqcrfh9A


More in depth 45 minute video

Money As Debt

http://video.google.com/videosearch?...bt&emb=0&aq=f#

For the advanced course

The Money Masters

http://video.google.com/videosearch?...rs&emb=0&aq=f#
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Last edited by onwebcam; 11-25-2008 at 08:14 PM..
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