Capitalism is coming to the end of itself.
by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Friday May 15th, 2009
Capitalism is coming to the end of itself. It has over-extended itself, it has lived beyond its income. It is living on borrowed money and borrowed time, and some day soon it’s going to have to pay.
The economists have been warning the U.S. government for years. The U.S. government has been living on borrowed time and money for the past 40 years. One reason for the real estate boom is that people begin to have faith in their money. As the price go up, the wages never rise as fast as the prices.
This time they’re not only going to have a big depression, or economic collapse, which in days past benefited the big money boys, but it is also going to bring about the collapse of big investors, governments, everybody. It’s going to take the money down with it.The currency regime will be replaced by a very remarkable credit system in which every person in the world, who belongs to the system, will bear a chip implant, without which he or she can neither buy nor sell.
Ted Rudow III,MA