What: This is just 10 of them. There are many more on the brink of bankruptcy! This is not because their services are not needed or anything like that. This is simply because the money supply is deflating! Credit has been inflated for 50 years. We borrowed and spent. We inflated the prices. When we borrow, banks create money. We borrowed faster than the GDP growth. It is an artificial sugar high.

Writer: Vincent Fernando

LCC: H

Where: Reference Link Has Evaporated

Date: Sep 23 2009 3:34 AM