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Fed's Irresponsiblity = High Gold Silver Prices?
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<p>[QUOTE="InfleXion, post: 1136678, member: 29012"]I guess I'm (maybe naive) not of the opinion that letting things fail at the FIRST sign of trouble would have been as big a deal as some of you say. You let the 'too big to fail' institutions hit the floor, and a different institution with a sound business model will gladly swoop them up for cheap. Yes, it would have been a major hit, but I don't think services would have gone away. The sound businesses would have survived and then thrived without competition from giants who only survive because of their parasitic nature. As I see the current situation none of the problems have been solved. They've just been spread out among the population instead of those who deserve to be held responsible, while they continue to do what they have always done. And yes, we all share in the responsibility to some degree.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1136678, member: 29012"]I guess I'm (maybe naive) not of the opinion that letting things fail at the FIRST sign of trouble would have been as big a deal as some of you say. You let the 'too big to fail' institutions hit the floor, and a different institution with a sound business model will gladly swoop them up for cheap. Yes, it would have been a major hit, but I don't think services would have gone away. The sound businesses would have survived and then thrived without competition from giants who only survive because of their parasitic nature. As I see the current situation none of the problems have been solved. They've just been spread out among the population instead of those who deserve to be held responsible, while they continue to do what they have always done. And yes, we all share in the responsibility to some degree.[/QUOTE]
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