Bernie Sanders
In reply to the discussion: Elizabeth Warren SLAMS Hillary Clinton With Most Damaging Evidence To Date [View all]Unknown Beatle
(2,691 posts)sometime in 2016. There's a pattern that has been around for decades and it happens in other countries as well. When financial meltdowns happens to other individual countries, such as Mexico, the US hardly feels it, but when it happens in the US, the whole world feels it. But I digress.
The pattern involves a sitting president about to exit due to an election and then the shit hits the fan. In Mexico, a president can only serve six years and that's it, one six year term. When Salinas de Gortari was about to leave office, the country experienced one of the worst economic disasters that ever hit the country. People with house mortgages had to pay interest on the interest plus their payment to keep the house, and the interest was more than the house payment. As you can probably guess, hundreds of thousands of people across Mexico lost their homes. Inflation was so bad that in less than a year, the peso went from 12.50 to the dollar to 2500 pesos to the dollar.
Back to the US. Wall St. is gambling with our money and in December 2007, the start of the Great Recession, thirteen months before Bush left.
And now, with Wall St. up to the same shenanigans as before, the Crash of 2016 is coming.
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