Banking system failure: causes and options

Discussion in 'Economy' started by Ravi, Mar 2, 2009.

  1. Ravi
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    Ravi Diamond Member

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    Here's a great program explaining the banking system, what went wrong, and what various fixes would accomplish.

    Lots of blame to go around for those that like to point fingers. ;)

    After listening to this I am leaning toward nationalizing the banks long enough to clean them up.

    This American Life

    click on Full Episode under the picture of the piggy
     
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  2. sealybobo
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    sealybobo Diamond Member

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    Great topic. Boy how conflicted Ron Paul Republicans must be. Ron Paul tells them that the bankers are the problem while the party tells them that government is the problem.

    So who do they expect to take the country back from the bankers and corporations that now own/run this bitch?

    And boy will Ron Paul Republicans be the first to start screaming SOCIALISM, PROTECTIONISM, FREE TRADE, COMMUNISM & ANTI SOCIALISM the minute guys like Dennis Kuchenich & Chris Dodd even mention nationalizing the banks, which ultimately means TAKE OUR COUNTRY BACK!!!!

    So Republicans. Pick a side, would you? Either you want the rich bankers to run/own this country or you want WE THE PEOPE to own it once again?

    We know what the Bush Republicans would say. Let the corporations continue to own us. Status quo.

    The Democrats might take the country back if we tell them to. They are a new party so they might get it done if they think the country is backing them. But remember the right wing is going to fight back awfully hard. Did you see Rush this weekend on CPAC? And the right wingers said he was strictly for entertainment? He is the leader of their party and they know it.
     
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  3. sealybobo
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    sealybobo Diamond Member

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    How come people don't take this serious?

    Give me control of a nation's money and I care not who makes the laws. Rothschild quote

    The real menace of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities states and nation. At the head is a small group of banking houses generally referred to as 'international bankers.' This little coterie... run our government for their own selfish ends. It operates under cover of a self-created screen...[and] seizes...our executive officers... legislative bodies... schools... courts... newspapers and every agency created for the public protection.


    If people who say the bankers own/control the world are called "conspiracy theorists", what should we call the people who deny us? Fact Deniers?
     
  4. Ravi
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    Ravi Diamond Member

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    Sealy, keep in mind the nationalization is a temporary thing...like what we normally encourage third world countries to do to stabilize their economy. The only difference being that we are now the third world country, so to speak.

    btw, the link is just audio...I tried to find a transcript but I guess you have to pay for it.
     
  5. editec
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    editec Mr. Forgot-it-All

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    The thing that I think the Ron Paulians still don't get is that we do NEED a central bank.

    But they definitely DO GET that the system we have now is unfair.

    We have already nationalized our banks, folks.

    We did THAT the moment that we agreed to bail them out and take on their toxic debts.

    Now the plan, as I understand it, is to give the banks time to get their ducks in a row so they can take back their shares, but I cannot see why they'd want to take on the toxic debts they've offloaded onto the backs of the American people.
     
  6. Skull Pilot
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    Skull Pilot Platinum Member

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    No such thing as a "temporary" government expansion of power
     
  7. editec
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    editec Mr. Forgot-it-All

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    True, DAT, blood.
     
  8. sealybobo
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    sealybobo Diamond Member

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    I don't want to nationalize "THE BANKS". The little banks scattered all across the country can be private if they want. They can give out loans and collect interest on those loans.

    But what they should not do is run our country. And because of the Federal Reserve, they do run our country.

    We need to take back the Federal Reserve from the bankers who stole it in 1913.

    Until we do, don't expect much.

    Because they can crash the economy tomorrow and you will run to them for solutions. The know how to control us.

    And the newspapers and tv shows they own will lie to us.

    We are hopeless.
     
  9. sealybobo
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    sealybobo Diamond Member

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    It's our government. Why would we not want our government to have the power? Why would we want the bankers to have it?

    The bankers who caused this mess.
     
  10. editec
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    editec Mr. Forgot-it-All

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    Becasue Skull still thinks that the private market can keep the relationship between the money supply and the nation's productivity aligned.

    Of course the fact that he still doesn't get that the FED is a PRIVATE bank is completely mystifying to me, but there it is.

    Most Ron Paulians apparently believe that the FED is a government bank and had it not been for the government the market wouldn't have done what it did.
     
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