Educated People Got in Deeper
During the recent financial crisis, it was the very people you’d think would KNOW BETTER who went most deeply into debt–the BETTER EDUCATED consumers!
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During the recent financial crisis, it was the very people you’d think would KNOW BETTER who went most deeply into debt–the BETTER EDUCATED consumers!
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Most of us have already figured out that our money isn’t real (NOTE: Subscribers can still listen to this show). Manhattan gold merchant Ibrahim Fadl discovered this we he found that several 10-ounce gold bars, normally worth around $100,000, were counterfeits filled with tungsten, a much less valuable metal that has the same weight as gold. This immediately dropped their worth 80%.
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The US and Europe aren’t the only ones having a recession–Iceland is too. How does your behavior change when you discover that your money is no longer real? (NOTE: Subscribers can still listen to this show). The nation’s economy was doing fine until the autumn of 2008, when everything suddenly collapsed in only a few weeks. Iceland defaulted and nationalized its banks and the value of their currency went down 36%. Businesses failed, putting people out of work.
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A new study shows that the super-wealthy of the world have an estimated 21 trillion dollars hidden in secret bank accounts around the world. This is more that the gross domestic products of the US and Japan combined. YOUR money may not be real, but THEIRS is (NOTE: Subscribers can still listen to these shows)
Much of this money is hidden illegally under the laws of the many countries whose economies are being exploited, including desperate economies such as Italy, Spain and Greece.
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