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About this iReport
  • Not vetted for CNN

  • Posted March 21, 2009 by
    Location
    somewhere, Texas
    Assignment
    Assignment
    This iReport is part of an assignment:
    G-20 Summit

    More from blueortiz3

    The Government pumped $1 trillion into the system in one day by buying debt from OUR Treasury.

     

    The U.S. Government has pumped 1,000,000,000,000 into the system in one day. How?  The government has bought debt from the treasury. This means we will borrow money from ourselves to pay ourselves for programs we can't afford.

    Why? This was their last ditch effort to save the U.S. economy after forcing interest rates so low. The price of gold went up within hours after  this announcement.

    Why? The dollar has deflated back the  1970's .

     

    This news should be not be swept under the carpet. This just doesn't seem to be right.

     

    Was this the right thing to do?

    What would have been the right thing to do?

    What would you have been willing to sacrifice if we didn't do this? depression?

    What options did we have?

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      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

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