The economic collapse occurred in 2008.
There were 2 million foreclosures in the U.S. in 2008.
There are 131 million homes in the U.S.
So how did 2% of the homes in the U.S. being in foreclosure bring down the world economy?
It didn't.
It was the $516 trillion dollar derivatives Ponzi scheme that Wall Street ran.
Buffett warned about derivatives in 2003. He called them "weapons of mass financial destruction."
He was right.
"Question What is a trillion?
"A million seconds is about 11 and 1/2 days, a billion seconds is 32 years and a trillion seconds is 32,000 years."
(or,)
John Kitzhaber (former Gov. Oregon), looked at how much a trillion really is:
1 million seconds ago was Last week.
1 billion seconds ago, Nixon leaves White House.
1 trillion seconds ago, 30,000 BC."
Act Two of Wall Street's Great Ponzi Production is opening in Europe.
How much of their wealth will conservatives hand over this time?
Category:Trillions Account - Eurêka