Tuesday, October 16, 2007

The Con That Turned the World Against America

The world’s financial system came precariously close to seizing up these past couple months. In fact, as far as some big banks and financial institutions were concerned, for a moment in time, the system was in a full-blown cardiac arrest. Liquidity, the flow of money the lifeblood of todays economic structure came uncomfortably close to clotting up.
read more | digg story

You remember English history right? Recall the "bubbles"? Those occurred when money had real value but were destructive all the same. There is no longer any such thing as real money.

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