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1/7 The Real Hard Truth on Why the Economy is Collapsing "Extremely Important"

August 6th, 2010

pt 1 http://www.youtube.com/watch?v=n41PBq...
pt 2 http://www.youtube.com/watch?v=plwaGX...
pt 3 http://www.youtube.com/watch?v=MbAKle...
pt 4 http://www.youtube.com/watch?v=5lR94f...
pt 5 http://www.youtube.com/watch?v=sm-BPZ...
pt 6 http://www.youtube.com/watch?v=y5sE1C...
pt 7 http://www.youtube.com/watch?v=mj550e...

Listen to this Show and you will understand why, as well as getting Educated

Appearing during the first half of the program, analyst Craig Hulet offered commentary on the economy, and geopolitics. American corporations like GM are now conducting more of their business in places like China, he said, adding that a lot of the bailout money to the banks has also gone overseas for lending. The Wall Street reform bill has no stipulations to regulate the derivatives market, and favors large banks which will continue to buy out smaller banks, he noted. He characterized the current situation as a "mixed economy" in which authority emanates from a central power like the Federal Reserve, keeping the dollar low, and inflation high; yet the amount of actual dollars in circulation are at the lowest level since the Great Depression, and that indicates deflation.

He foresees a scenario in which Israel attacks Iran, and America gets drawn in. For the US and its allies, Iran has always been the target, but they weren't prepared to dominate them until they physically surrounded them by occupying Iraq and Afghanistan, he suggested.

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