pepper0
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| 03 Sep 2011 12:23 AM |
| Borrowing money to pay off interest. |
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pepper0
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| 03 Sep 2011 12:25 AM |
| and then the banks run out of money, they ask money from the Federal reserve, the federal reserve prints more money, then inflation and our own money becomes WORTHLESS |
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pepper0
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| Joined: 01 Sep 2007 |
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| 03 Sep 2011 12:26 AM |
| Then the federal reserve tax us to they can pay off there debt, then we end up having less money than we had the day before. |
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CastIron
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| Joined: 31 Aug 2010 |
| Total Posts: 4068 |
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| 03 Sep 2011 06:30 AM |
| Subisdized housing, living in things you know you can't afford to. |
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Yobobo10
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| Joined: 14 Oct 2009 |
| Total Posts: 3711 |
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| 03 Sep 2011 07:37 AM |
Banks are the hallmark of capitalism.
Problem? |
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pepper0
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| 03 Sep 2011 08:14 AM |
Ultimately, the blame leads to paper money.
ITS WORTHLESS!
This is why I believe Andrew Jackson was one of our best presidents, he killed the bank |
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Twigs186
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| Joined: 30 Aug 2011 |
| Total Posts: 530 |
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| 03 Sep 2011 11:45 AM |
| Banks are the hallmarks of capitalism, but I would say that in almost every case of depression and recession, people lived beyond their means, and failed. Those people no longer run businesses, leaving room for more fiscally responsible people. |
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| 03 Sep 2011 11:46 AM |
| If only it was true, but all that really happens is that CEOs make out with golden parachutes and millions of middle class jobs are lost. |
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Twigs186
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| Joined: 30 Aug 2011 |
| Total Posts: 530 |
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| 03 Sep 2011 11:49 AM |
If only it was true, but all that really happens is that CEOs make out with golden parachutes and millions of middle class jobs are lost. - Its because of goverment bailouts and subsidies. Its all stupid. I feel the rich should have more brackets, and we incrimentally tax them, and tax corporations at the same rate Germany does. Germany just...idk...they protect their middle class insanely well, and by that, I mean our local mom and pop bakery (Which was actually a bank earlier, but it failed when the hyperinfaltion went LAWLERS!) and it has existed for around 90 years. |
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