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After watching IOUSA and Frontline tonight on how the stock market killed the banks (because of what the banks did), and now seeing the ripple effects through out the world economy, this isn't looking good. I mean, it looks good in my little world (within 5 miles of me), but the overall fiscal picture is pretty shocking. And while I still have time to work and save for retirement, I'm not sure what will happen to the millions of people 50-70 that are still working and planning on retiring in the next year or two, if they lost a large amount of money in the stock market.
I'm not sure what they will have to do in order to fix this. But if the whole economy dries up, this might not be very good. If the US government runs out of money in 5-10 years, there will be some major problems. Has anyone heard how things are going in Iceland?
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