Friday, January 16, 2009

Big Bank in trouble

Today, the biggest bank in america called "Bank of America" had its first quarterly loss in 17 years. It posted a loss of $1.79 billion for the quarter, a huge drop from the $268 million in profit it earned last year. This means that the big banks are falling. Sadly we will see a big crisis dollar collapse soon.

US gov is printing money like the old german weimar republic. Remember those pictures of people with wheel barrows full of money. Well, we are printing orangeback monopoly money like there is no tomorrow.

0 Comments:

Post a Comment

<< Home