WHAT IS THE ORDER OF MAGNITUDE PROBLEM?
The real estate scam in the USA alone is over 10 trillions and world wide is about 40 trillions. The fact that the crooks at the Federal Reserve and other Central Banks around the world (mainly Europe and Japan) keep printing money and doing computer entries over night, creating billions of dollars to bail out bankrupt banks, insurance and financial institutions, not only is another scam against tax payer but at the end of the day IT WILL NOT SOLVE THE PROBLEM! This is not a question of faith or pessimism; it is simply “an order of magnitude” issue. What I mean is that with 1.5 trillions so far world wide they cannot solve a 40 trillion dollar real estate scam. For instance one USA bank alone has around $20 billions in assets but OVER $600 BILLIONS in loans and bad debts i.e. a leverage of 30 times their capital or 3.3 CENTS FOR A DOLLAR! Another Belgian bank (Fortis) has leveraged its assets 33 times that is THREE TIMES BIGGER THAN THE BELGIAN ECONOMY (GDP) where is hosted. How can Ce
