What would happen if the USA turned into a real fiscal conservative society?

Discussion in 'Conspiracy Theories' started by uscitizen, Jan 3, 2012.

  1. uscitizen
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    uscitizen Senior Member

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    Just buying what you need?
    No or little credit utilization? How many billion a year is the credit card industry?
    Saving all one can.
    Keeping something until is is not feasable to be repaired instead of getting a new "status" vehicle often.

    Comment add thoughts please.
     
  2. rdean
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    rdean rddean

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    A conservative society means a return to the Bronze Age.
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    Manufacturers and actual owners of homes and land would be totally *free* (the operative word) to create their own financing agreements...These could also easily be traded on the open market.

    Making capital available for banks to lend would be a bad thing exactly how?

    Since the auto manufacturers would be the ones holding the loan agreements on the cars they finance, how is that any of your business?
     
    Last edited: Jan 3, 2012
  4. percysunshine
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    percysunshine Gold Member

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    ' What would happen if the USA turned into a real fiscal conservative society?'

    The USA is a real fiscal conservative society. ...soo...what would happen if reality became...reality....?
     
  5. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    That would require a radical altering of the fundamentals of the American economy – which is mostly consumer driven.
     
  6. Oddball
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    Oddball BANNED Supporting Member

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    No, it would require a radical altering of how credit is created.
     
  7. uscitizen
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    uscitizen Senior Member

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    Not my business at all except for the way I live.
    That is an aspect of fiscal conservatism though.
     
  8. percysunshine
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    percysunshine Gold Member

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    Oops...this is the conspiracy theory thread...my mistake...

    Soo...what are the odds that Newt Gingrich is the real father of Chelsea Clinton?
     
  9. Oddball
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    Oddball BANNED Supporting Member

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    Well, then pay attention to the rest of what I pointed out.

    The way credit is created today favors the huge banking institutions -Chase (JP Morgan), Citibank (Rockefeller), Goldman Sachs, Fannie & Freddie, etcetera- over local banks and private debt instrument creators and traders.

    We return to a system where the only people who can finance automobiles, land, homes, appliances, and other relatively expensive consumer goods, are the manufacturers and owners of those items, and you take massive power away from the bigbig banksters.

    Think about it.
     
  10. uscitizen
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    uscitizen Senior Member

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    "Only people can finiance" Sorry but I require some clarification on what you are trying to say.

    Loansharking?
     

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