Structural Damage That Has Been Done To The U.S. Economy
Structural Damage That Has Been Done To The U.S. Economy
But on Main street it was at its root a combination pyramid scheme and PONZI scheme. All branches of government are complicit in continuing the fraud and allowing these merchants of “death” to continue selling what they call bonds deriving their value from homeowner or student loans. Having made a “deal with the devil” both the Bush and Obama administrations conscripted themselves into the servitude of the banks and actively assisted in the coverup. — Neil F Garfield
Wells Fargo, Citibank, JP Morgan Chase, Bank of America laid off thousands of people in August-September 2013 in their mortgage departments. The housing market is declining and the everyday American cannot afford to purchase a home.
Glimpse the likely future events from the past currency collapses in other nations, such as when the Mexican Peso collapsed (1994 Tequila crisis)…