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Why are we in so much debt? Central Banks...

WJK

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I agree. We've put the fox in charge of the hen house. And then we don't seem to know why so many hens are disappearing. The Federal Reserve is a privately-owned, for-profit, bank that has been put in charge of taking care of our economic system????
 

Beebop27

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We all won't be free until we are free from the reach of central banks through their usery and creation of indentured servants.
Fukk it..

I will bite.

This post is kind feels like the kid who types how captialism is F*ckt and promotes greed and exploits the poor so the rich can get richer, on his apple iPad while he lives at home at his parents house... rent free, while sipping a can of cola.

It is healthy for a country to have a strong banking system. If a country's main banks are in trouble... you ... and your country... are pretty much fuct.

Sometimes debt is good. Debt can be leverage, and can create buffers from other catastrophies. In my view, it would be foolish to blame the current system while eating its fruit.

Yes, there are some corrupt F*ckers out there. Look at Enron. Yes, there are some people that make some incredible stupid decisions and only out for their own self interest. Yes, some thrive on exploiting the poor. But you need to look at the system as a whole. Compare it to others around the world. Compare it from the results the other systems produce.. not what they say.. but what they produce... aka.. their fruit.

No system is perfect.

But there are better systems than others.. and the way to judge this, is of course from their fruit.
 

WJK

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Fukk it..

I will bite.

This post is kind feels like the kid who types how captialism is f*ckt and promotes greed and exploits the poor so the rich can get richer, on his apple iPad while he lives at home at his parents house... rent free, while sipping a can of cola.

It is healthy for a country to have a strong banking system. If a country's main banks are in trouble... you ... and your country... are pretty much fuct.

Sometimes debt is good. Debt can be leverage, and can create buffers from other catastrophies. In my view, it would be foolish to blame the current system while eating its fruit.

Yes, there are some corrupt f*ckers out there. Look at Enron. Yes, there are some people that make some incredible stupid decisions and only out for their own self interest. Yes, some thrive on exploiting the poor. But you need to look at the system as a whole. Compare it to others around the world. Compare it from the results the other systems produce.. not what they say.. but what they produce... aka.. their fruit.

No system is perfect.

But there are better systems than others.. and the way to judge this, is of course from their fruit.
Look at our history. We could issue our own notes and balance our books as a nation. We used to do that. Bringing in the Federal Reserve Bank was an act of making a small group of people very rich and in charge of the whole economy. When it was done, it was hotly contested. We unnecessarily gave up our power.
 
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socaldude

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There is a difference between corrupt capitalism and free market capitalism. Yes, we have all benefited thanks to new technologies and innovations.

The Fed is there to serve as a bankers bank. They get to loan you money that was loaned to them for almost nothing, and created out of nothing. So if you don’t pay your mortgage, then that property is theirs now. But if the money was loaned to them then how is anything really “theirs”. It’s clear here that the money supply is used for the benefit of a small group of people. The US treasury should be the one issuing the money. Because then any money printed becomes an asset to taxpayers.

It’s a corrupt system that does nothing. It’s useless. Real capitalism mean new innovations and cheaper prices thanks to economies of scale. Not more debt and inflation.
 

CareCPA

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We all won't be free until we are free from the reach of central banks through their usery and creation of indentured servants.
Who is the "we" in your argument. It's a bit vague, and I'm having trouble following.
Is it "we" as a country? As a globe? As individual people with way too much consumer debt?

Hard to form a coherent discussion without a bit more specifics.
 

Kal-El1998

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Who is the "we" in your argument. It's a bit vague, and I'm having trouble following.
Is it "we" as a country? As a globe? As individual people with way too much consumer debt?

Hard to form a coherent discussion without a bit more specifics.
Anybody from any country that does not have a state banking system.
 
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Kal-El1998

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Look at our history. We could issue our own notes and balance our books as a nation. We used to do that. Bringing in the Federal Reserve Bank was an act of making a small group of people very rich and in charge of the whole economy. When it was done, it was hotly contested. We unnecessarily gave up our power.
Exactly and each time we tried to set up our own state bank, the president who did so was killed.

Many people don't understand just how much better other countries, as well as ourselves, would be if we all had our own state banks backed by physical resources.

Prior to soviet control in 1917 Russia was actually at the leading edge of industrial revolution. They had better laws and a more efficient system. Less taxes and debt as well. They were able to do so because of having their own state bank.

Incredibly efficient.

The central bank families recognized this and had to squash them through manipulated rebellion that led to communism.

Any other nation that had tried suffered the same fate.
 

Beebop27

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There is a difference between corrupt capitalism and free market capitalism. Yes, we have all benefited thanks to new technologies and innovations.

The Fed is there to serve as a bankers bank. They get to loan you money that was loaned to them for almost nothing, and created out of nothing. So if you don’t pay your mortgage, then that property is theirs now. But if the money was loaned to them then how is anything really “theirs”. It’s clear here that the money supply is used for the benefit of a small group of people. The US treasury should be the one issuing the money. Because then any money printed becomes an asset to taxpayers.

It’s a corrupt system that does nothing. It’s useless. Real capitalism mean new innovations and cheaper prices thanks to economies of scale. Not more debt and inflation.
Hey man,

I hate getting into these debates and topics, because it usually opens up endless portals, to which eventually the thread goes completely off topic.

You do make some valid points, but printing money is usually done with extreme care. Inflation is the cancer of a society and its tightly monitored to prevent a collapse. I agree with you that real capitalism promotes competition and free market which creates competition and innovation, but I disagree towards saying the entire system is corrupt and does nothing. All systems are prone to corruption. But I think capitalism is the lesser of the other "evils" / alternatives.
 

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