OT: gold-eagle editorial - "What the President Should Know about our Monetary System"greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
-- Jack (jsprat@eld.~net), October 02, 1999
Many of us have been beating on this drum for DECADES. The courts, including the SUPREME COURT, have either ignored or ruled against those bring suit in this matter. THERE IS NO RECOURSE TO THIS FRAUD -- THIS HUMONGUOUS RIPOFF. The only SOLUTION is either a Y2K 9 or 10, or an expanded "Henry Bowman solution" as outlined in "Unintended Consequences" by John Ross.
(See reviews at http://www.amazon.com or http://www.loompanics.com)
-- A (A@AisA.com), October 02, 1999.
The scary part is what these bankers do with the loans based on our deposits. Drive down any street in any city. Look, another shopping center is going up. Anywhere between $2 million and $30 million loaned by the banks for it. Five miles down the road is another center. The tenants vacate the old one and move to the new one. The old one is forced to find lower quality tenants and businesses such as Big Lot stores, super discount stores, and other businesses that cannot afford higher rents. The income from the old malls declines and the bankers with the loans on it suffer losses. I remember where the lenders on a strip shopping center foreclosed and sold the property for one half of the amount they had invested. Every city has these vacant and substandard centers. One new center here was a failure from the day it opened. It was later converted to offices and some was used for classroom for a small private college. Huge losses were incurred by the lenders. With a recession and higher unemployment next year LOOK OUT.
-- Larry (Larry@3stooges.gom), October 02, 1999.