羅 嘉 慧 This Ex Lawyer Michael Snyders analysis was reasonable and rational. ================ What do you look out for as a warning sign of the next calamity? Michael Snyder of TheEconomicCollapseblog says, “When there is a financial crisis, all of a sudden, banks don’t want to lend. They don’t want to lend to each other, and they don’t want to lend to anyone else. Credit freezes up, and our financial system is based on debt and the flow of money from the banks lending it to the rest of us. I believe we will have a brief period of deflation before the response by the Federal Reserve and the federal government, where we are going to then have tremendous inflation through the roof.” How can this be fixed? It can’t be fixed without killing the economy, as Snyder explains, “A lot of people say I hate the banks. Let the banks fail. This is kind of like a patient with a very advanced stage of cancer. That’s what our economy is like. We are so tied into these banks. If you try to kill the advanced cancer, you are probably going to kill the patient as well. If you try to kill the banks, our economy is going to die as well.” https://youtube/watch?v=tW_QGuDchs8
Posted on: Wed, 22 Oct 2014 18:16:08 +0000
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