I remmember back in 60’s all of India’s currency circulatiing in India’s total economy was owned by USA…and USA wiped the slate clean!
ever since USA and rest of the world got off the Gold Standard…this kind of currency manipulation and exchange became very easy for Governments. Not that I support the Gold standard…that is not the answer…*Nationalizing Banks is the way out of this Mess.
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True to your avatar black cat…you jumped to conclusions too early firenze…simply check out what arjay wrote…and see if you can come to the same conclusion whether I am joking or not…
**Old Karl somehow predicted this stock market crash and the Mortgage Wipeout…taking every Tom Dick and Harry with it…
To furthur support my argument about Banks should be eliminated…
How many Credit Unions have gone broke …None!
because Credit Unions are not for Profit institutions…
that is where Banks belong…:k:
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