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. Banks are the life line of the economy
. They provide the necessary capital & credit for businesses.
. Non-US banks are urged to tightened their money tap
. By increasing interest rates & capital reserves
. By discouraging borrowing and making lesser money available to borrow.
. The cost of money goes up.
. In effect the Global elites is saying slow down your economy in the name of inflation.
. So that the North Western hemishere has a chance to recover .
http://www.zacks.com/stock/news/56475/Non-U.S.+Banks+Stock+Update+-+July+2011
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