October 12, 2008 journal, prepare for the end of this great society fiat banking system. What a picture to paint about the bankrupt greenback going South after the long battle. G7 refers to finance ministers and does not include Russia, G 8 refers to heads of state where it may be termed as countries. They have a G20 also meeting in Washington, D.C. along with the G7. It appears the United States is now begging from G7 to support us. I do not believe any of these cures are working. The big problem is jobs being lost and entire industries going belly up with millions of people being foreclosed/evicted. At least the Chicago sheriff of Cook County has halted his evictions but may be held in contempt of court. 49 states have spiraling debt and South Carolina is meeting in emergency to cut their budget by $500 million before the end of this year. California requesting 7 billion to pay their police and firemen. Gov. Arnold Schwarzenegger said a month ago that he was reducing all of his state employees' pay to minimum-wage. This is an extreme crisis and printing fiat money is not going to work anymore. As you know, Treasury Department gets all money approved by the Federal Reserve before printing it but it comes from thin air. There is no gold at Fort Knox anymore & we never did really know how much there was before they traded it off. Most cities are left with abandoned property therefore their revenue in taxes is diminishing. Most foreclosed houses have the copper wire stripped out by thieves to sell for scrap. It seems the G-7 countries are all having to sell bonds to support their banks. This federal Government is on the verge of not being able to pay its employees, Social Security or our soldiers in battle. The real big crash may be any day. Let the generous Congress look this way and eliminate my credit cards debt at 30%. I hope that forgiving spirit catches on and that they forgive all their debtors mortgages. Ebay is laying off 1,000 people & Pay Pal is restructuring their procedures some way. Just ask Ross Perot about John McCain after he paid her medical bills as John POW. Look up John McCain's first wife and read her story as it will bring tears to your eyes. The big news is that the world stock markets are down extreme turmoil & now failing. Already suicides are resulting as a man in Los Angeles killed his family of 6 & himself. Locally a teenager shot his only brother in cold blood & these are just ordinary people. The Fed has dumped another $900 billion cash into the system to stabilize the markets. There is no end to this insanity and the Euro dollar is falling faster than the U.S. dollar as gold lingers around $900.00 per ounce. The British pound is also dropping faster than. Early on the morning of October 7 the Federal Reserve chairman fed in another $900 billion into our failed banking system only to see the stock market drop 508 points by the end of the day and the whirlwind around the world took them all down. Now they are crying for another 300 billion as California is demanding 7 billion just to pay their police and firemen. The tiny country of Iceland is on the verge of bankruptcy and got a loan from Russia. If our currency was backed by silver or gold then it would be solid in any economy but it is only fiat paper printed instruments of debt. The Federal Reserve had spent one trillion dollars plus already saving the major New York financial institutions including AIG which immediately thereafter took all their executives to California for a $450,000 spa treatment on taxpayer funds. Ad on the 700 +150=850 billion bailout and you can even it off at 2 trillion dollars spent in the last 30 days saving a failed financial system. Divide into that 300 million American citizens and you get $6,666.00 per each which could have been given to the people but instead it is taxed against the people and including babies one hour old. Another 900 billion so our debt increases by 3 trillion.