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what are the consequences of what with every country in the
world seemingly rushing to
follow the brown plan of
partial nationalization of the
financial system, what do you
think the consequences will
be? any economists out there
got any hints?
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The countrys with growing economies will be punished. Those ran by socialists and corrupt dictators will flourish. Nationalization of the banks is one step closer to communism |
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Putting political agendas aside the immediate consequences are that the world's major economies won't collapse. It is known that several (perhaps most) governments would much prefer not to nationalize any banks but in some cases it must be done in order to protect the economy. As we have discovered over the last few weeks we truly have a global economy. Hope this helps Jerry-the-bookkeeper |
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