A Novel Approach To The Economic Issue, Opinions Appreciated - Page 2

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Author	Replies: 20 / Views: 2,468	Page: of 2

GoThunder Pillar of the Community United States 830 Posts	Posted 06/23/2011 2:09 pm Yep politicians/elections bought by the big bankers, and maybe even an assassination or 2 thrown in for the ones they couldn't buy and this is what you get...a nation in debt for no good reason. But maybe we have the magic slippers to get out, just have to click the heals together 3 times and say there's no place like home. Report this Post to the Staff
AlmostCollectible Valued Member United States 384 Posts	Posted 06/23/2011 8:50 pm If only it was that easy. That video looks fancy, and maybe even if they are right about the fact that it should be government run, and not partly-private bank run. It's just not that easy. Over modern economy has been built entirely around this system. And a change like this would cause massive amounts of deleveraging. And as good as that may sound on paper, we are already close to a double dip recession, and a change like this would easily put us into a depression. And some people may be willing to take on a depression, assuming that this change is best for our nation in the long term, but no politician is gonna vote for that. So it's never gonna happen. And if you want my opinion, I don't buy this idea, at least not as an immediate solution. Report this Post to the Staff
stewart Pillar of the Community United States 1126 Posts	Posted 06/23/2011 9:33 pm I think you are absolutely right about a change of that magnitude causing a depression and no politician would vote for it. Or is it either an immediate solution. But the way it is going now, we are speeding towards a Major Depression as it is. Once a country like Greece fails then with the Credit Default swaps in place it will be a domino effect across the planet. All it takes is one or two countries to fail and the ensuing lack of confidence in the current Debt based currency. The rest will fail. Some of the large institutions and some countries are already preparing for it by accumulating large amounts of gold and silver. University Of Texas recently took PHYSICAL DELIVERY of close to 1 Billion Dollars of gold. The solution suggested is for coming out of the other end of the coming depression. So that we get away from the Boom and Bust Cycles of Debt Based Fiat Currency. Edited by stewart 06/23/2011 9:33 pm Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 06/24/2011 01:23 am Quote: Scary thought huh? having the control of a countries money supply in the hands of a for profit corporation. Now take that scary thought and extrapolate it out to the ENTIRE PLANET. Oh, I don't know, Stu. Considering what Princes and Presidents, Emperors, and Kings, and Committees have done to each other and to their citizens, could it be any worse? Perhaps... but it strains the limits of credulity to imagine it. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 09/02/2011 6:49 pm Quote: Huh? The Treasury Dept is already responsible for printing our currency, ever hear of the Bureau of Engraving and Printing? Paper money comes from the money factory. Check their website http://moneyfactory.com Report this Post to the Staff
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