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Alex welcomes back to the show pastor Lindsey Williams. Since Lindsey appeared on the show earlier this year, his prediction about a war in the Middle East expanding into World War 3 are coming true as the U.S. prepares a ground invasion of Libya.
Alex welcomes back to the show pastor Lindsey Williams. Since Lindsey appeared on the show earlier this year, his prediction about a war in the Middle East expanding into World War 3 are coming true as the U.S. prepares a ground invasion of Libya.
Alex? You believe that paranoid conspiracy theory wacko? Good grief.
Barring a big change in the economy and the tax base we will default. Just the same as Greece will. We have a negative multiplier with Government spending. The more we spend the more the economy contracts.
The guy in the video, Lindsay Williams didn't go into much detail but I will say that quantitative easing and inflation are basically a piece meal default. Much of that debt is fraudulent and the American people need to take after Iceland and tell the debt pushing bankers to pound sand. Austerity measures are a scam that actually make the debt situation worse. Greece needs do the same.
Bascially no we wouldn't. in fact that would take the world economic system with us.Its in no ones interest. Greece is a monor thing in comaprsion . Once greece is settle the larger question after that is Spain a much bigger player.
The guy in the video, Lindsay Williams didn't go into much detail but I will say that quantitative easing and inflation are basically a piece meal default. Much of that debt is fraudulent and the American people need to take after Iceland and tell the debt pushing bankers to pound sand. Austerity measures are a scam that actually make the debt situation worse. Greece needs do the same.
ABSOLUTELY! As Peter Schiff has said all along, what we need to do is restructure the debt. But just the legitimate debt should be restructured and paid off. Those banksters and corporations at the top of the pyramid ponzi schemes ought to pound sand with CEO's thrown in jail and ordered to pay back the bailout money that was used for their bonus money over the past three years.
Bascially no we wouldn't. in fact that would take the world economic system with us.Its in no ones interest. Greece is a monor thing in comaprsion . Once greece is settle the larger question after that is Spain a much bigger player.
I disagree with you. Italy's debt is much larger then Spain's. Spain won't default for quite awhile. Greece, on the other hand, will default, in my opinion in the next 5 years.
The major holder of greek debt is France. If Greece defaults, Italy, Ireland, and Portugal will follow. This will take France down with it and the European Union, as a house of cards, will crumble with it.
The US will go. Sooner or later it will. There is NO WAY the US can sustain such a high debt ratio. No one is this country wants to end, diminish, social security and medicare. Therefore, we are in the same house as Greece.
California and Mass will default first. Other states will follow. Its like the housing crisis. A few fell into it and ALOT of people threw in, because it was in their financial interest. They could pay, but why?
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