Message:

<p>[QUOTE=&quot;V. Kurt Bellman, post: 2286354, member: 71723&quot;]So much ignorance in a single post! If you&#039;re a layman, as you say, what you believe about anything involving economics is less than worthless And it shows.</p><p><br /></p><p>I, by the way, am NOT an economics layman. It is my profession. Only those educated in economics at Ivy League schools, U. Of Chicago, or Stanford need apply as a peer. The faculty from which I learned, and a good number of my classmates make up a Who&#039;s Who in the field. I presently ply my trade for a legislative committee chairman in Harrisburg, PA, first on the Judiciary Committee, and now Urban Affairs. I am also a serious numismatist on the side, not a stacker.</p><p><br /></p><p>Where or when have you EVER heard me or read me defending banks&#039; activities or that of the banksters? You haven&#039;t, because I&#039;ve never said or written a single word defending them, either here or anywhere else. YOU SUCKED THAT INFERENCE OUT OF YOUR OWN THUMB, SIR!</p><p><br /></p><p>What the bankERS did that caused the &#039;08 collapse (underwrite bad loans, have them certified as investment grade, sell them off, and then buy bets that the loan will go into default) (by the way, that&#039;s really the best thumbnail of it) should be sending bankERS to jail, from CEOs right down to the local bank branch loan committee members, but it won&#039;t. We fined banks, per se, but not prosecute bankERS, and now statutes of limitations are lapsing. So yes, we screwed that up and what happened was a crime.</p><p><br /></p><p>HOWEVER, NO LESS A CRIME is conning the unwary with some neo-econo-apocalyptic nonsense about the U.S. Dollar failing and a metals backed system replacing it. People spouting that crap should be facing jail time too. I consider it a form of domestic terrorism or perhaps treason. There, I said it.[/QUOTE]</p><p><br /></p>

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