How they arrived at the $700 billion amount

Discussion in 'Economics' started by wave, Sep 30, 2008.

  1. wave

    wave

    http://www.davemanuel.com/2008/09/2...-24-billion-from-700-billion-dollars-in-2005/

    "Many Americans turned to credit cards to finance their overzealous lifestyles."

    Will the FED cease to exist or have less power over the sheeple, I mean people if the CREDIT drug is evaporated. Imagine if people started saving and living within their means? Private FED and company are crapping in their pants right now because the people have spoken and perhaps changing their ways.