Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
If Greece's currency colaspes
>
Reply to Thread
Message:
<p>[QUOTE="Cloudsweeper99, post: 1208113, member: 3011"]First of all, the currency system in place in the US and most parts of the world absolutely do FORCE nations to go into debt. The debt IS the money and the money IS the debt. Money is spent into existence through federal government borrowing and bank lending. There is no other way, so lets stop blaming people for it. Second, it is completely misplaced to talk about the greedy senior citizens while ignoring the trillions of dollars spent by the military in interventionist conflicts to enrich the military industrial complex; and spent by relatively new, completely worthless and probably unconstitutional government ageneices such as Homeland Security and FEMA. Get rid of all of that and then it will be a lot more clear to people what changes are needed to social security and medicare to put those programs back on a sound basis.</p><p><br /></p><p>I never argued that the US should go into bankruptcy. I stated as clearly as I could that if/when the choice comes down to a choice between widespread poverty and misery for massive numbers of people, or forcing the banks to take a haircut on their loans, then I will always choose in favor of people and against the banks. I just have to shake my head in wonderment at folks who believe that an economic failure due to the unstable nature of the present international banking system should fall on the people and not the institutions. </p><p><br /></p><p>The difference between us is that I believe that the international and national banking systems are a tool to make life better for the people. You seem to believe that people are here to make sure that the profits earned by the banking system and politcal class that have sold their loyalty to the banks remain secure. We are 180 degrees in the opposite direction on this one.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1208113, member: 3011"]First of all, the currency system in place in the US and most parts of the world absolutely do FORCE nations to go into debt. The debt IS the money and the money IS the debt. Money is spent into existence through federal government borrowing and bank lending. There is no other way, so lets stop blaming people for it. Second, it is completely misplaced to talk about the greedy senior citizens while ignoring the trillions of dollars spent by the military in interventionist conflicts to enrich the military industrial complex; and spent by relatively new, completely worthless and probably unconstitutional government ageneices such as Homeland Security and FEMA. Get rid of all of that and then it will be a lot more clear to people what changes are needed to social security and medicare to put those programs back on a sound basis. I never argued that the US should go into bankruptcy. I stated as clearly as I could that if/when the choice comes down to a choice between widespread poverty and misery for massive numbers of people, or forcing the banks to take a haircut on their loans, then I will always choose in favor of people and against the banks. I just have to shake my head in wonderment at folks who believe that an economic failure due to the unstable nature of the present international banking system should fall on the people and not the institutions. The difference between us is that I believe that the international and national banking systems are a tool to make life better for the people. You seem to believe that people are here to make sure that the profits earned by the banking system and politcal class that have sold their loyalty to the banks remain secure. We are 180 degrees in the opposite direction on this one.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
If Greece's currency colaspes
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...