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Something I don't understand: if the banking system is crumbling, and average citizen is deep in debt, where do they find the lenders for such astronomical amounts?In Soviet Russia, Fake borises YOU. -
I'm just a simple minded fool, but would it not be better to just give the money to the people and let them spend the money to stinmulate the economy?
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Well, technically the US Dollar is the world's fundamental currency, so theoretically they can just keep printing money if they wanted to... Someone would buy it.Originally posted by Oncle Boris View Post
At least right now.B♭3Comment
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Originally posted by Darius871 View Post
If you don't want to read this crap then don't.
What may be crap to you is no reason for just you to demand I stop.
I'm sorry if your having a bad day but I'm just trying to make conversation.
This is off topic.Comment
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Yay quantitative easing!
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what a scam/joke system we live in ... keep "printing" money, although the U.S. borrows money from China... the u.s. will be the fastest toppled empire b/c its runned by clowns.Comment
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Hey! Don't insult clowns!Long time member @ Apolyton
Civilization player since the dawn of timeComment
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Let's give every person in the US a share of the $1 trillion and then they can do with it as they will.Originally posted by Docfeelgood View Post
I'm sure a fair to large share will pay off credit cards or mortgages and that will help the banks.
Try http://wordforge.net/index.php for discussion and debate.Comment
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More realistically we could just make it a legal requirement that banks who accept bailouts must lend a certain percentage of the bailout money the way the British have. Or failing actually inject capital in exchange for preferred shares so that when the people sell their stock they get top dollar and the shareholders of banks which need bailouts are punished most severely for their mismanagement.Try http://wordforge.net/index.php for discussion and debate.Comment
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i would not hold my country as an example of how to deal with the banking crisis..."The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.
"The most obvious predicition about the future is that it will be mostly like the past" - Alain de BottonComment
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Nobody said the OT should censor content. However, if I made a bunch of threads on the same exact topic but didn't hide it by using different titles, all but one would be locked, as they should be.Originally posted by Docfeelgood View Post
Anyway you really should lay off the Alex Jones elixir. It rots the brain.Comment
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You'd only get about $3000, which you would probably end up using to fly overseas on some foreign airline!Originally posted by Oerdin View PostLet's give every person in the US a share of the $1 trillion and then they can do with it as they will.
I'm sure a fair to large share will pay off credit cards or mortgages and that will help the banks.be freeComment
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Or on coke.“As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
"Capitalism ho!"Comment
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US Talks of Pumping $1 Trillion into Banks
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