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#4696409 Jul 24, 2011 at 05:08 PM
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#5009806 Sep 28, 2011 at 11:43 PM · Edited 15 years ago
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#5010879 Sep 29, 2011 at 06:15 AM
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USA or Greece to bankrupt first?
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#5014482 Sep 29, 2011 at 11:33 PM · Edited 15 years ago
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Errr...USA has been bankrupt for the last 250 years....so basicly since it was founded :P
Greece has been around for 10000s of years, incl its name. i suppose if you look at the currencies of them in the last 250 years...they were certainly not bankrupt...though very corrupt.


The USA started off with the Greenbagg, which was a Debt and interest free currency used by the colonies, then the brittish kingdom/empire banned the greenbagg (legal since they owned the colonies). This is the main reason why the american colonies rebelled against the european powers. Because :

The currency now used, was being Lend to the americans With interest...immedietly putting the colonies into dept.
when the americans 'won' the war sort of, international bankers like the Morgans and Rockerfellers somewhat shrewdly managed to setup a Federal bank of america (not the one in use now). This bank was Not federal, rather it was a private bank, owned by bankers, which funded the whole US...lending out money to the masses and the government, With interest.

Basicly, Still putting every single person in the US immedietly into debt. these days we have The Fed, which is also a PRIVATE bank
Now here's the part where it shows how our whole economic system is set up to fail perpetually always everywhere period, and also whenever the bankers want.
The Following Situation Also Applies to Europe!

The money that is lend out is created out of thin air, and nothing backs it up. The only thing that gives our money value is how much money already exists.
We have to pay back EVERY single dollar/euro/yen/pound etc etc WITH interest. i'm sure you are aware of this already.
Here's the thing...The money to pay back the interest...DOESNT EXIST...so where can this money come from???
it can only come from the central banks again. this money is also lend out, and we also have to pay it back with interest..etc etc etc

thats part 1 in Short, without too much detail...Do you want to know part 2?
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