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Re: Blame for US debt

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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
03 Sep 2011 12:23 AM
Banks
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syrianforce is not online. syrianforce
Joined: 07 Feb 2010
Total Posts: 716
03 Sep 2011 12:23 AM
Borrowing money to pay off interest.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
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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syrianforce is not online. syrianforce
Joined: 07 Feb 2010
Total Posts: 716
03 Sep 2011 12:26 AM
2012 came early.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
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 is not online. CastIron
Joined: 31 Aug 2010
Total Posts: 4068
03 Sep 2011 06:30 AM
Subisdized housing, living in things you know you can't afford to.
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Yobobo10 is not online. Yobobo10
Joined: 14 Oct 2009
Total Posts: 3711
03 Sep 2011 07:10 AM
The American dream.
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Carbonwinglabs is not online. Carbonwinglabs
Joined: 26 Nov 2009
Total Posts: 4379
03 Sep 2011 07:37 AM
Banks are the hallmark of capitalism.

Problem?
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
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 is not online. Twigs186
Joined: 30 Aug 2011
Total Posts: 530
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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Carbonwinglabs is not online. Carbonwinglabs
Joined: 26 Nov 2009
Total Posts: 4379
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 is not online. Twigs186
Joined: 30 Aug 2011
Total Posts: 530
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.
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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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