Nationalization and debt forgiveness.

[Toddsterpatriot]

There should be nationwide strikes by essential workers all across the nation. This would force the crooks in DC to pay attention to the 90%. A loan jubilee should be demanded for all loans including college, home, and auto. Medicare for all should be immediately implemented.

A loan jubilee should be demanded for all loans including college, home, and auto.

Exactly!!!

But before we do......could you lend me $100,000?

Pay you back soon, promise!!!

The Fed and our government are very good at bailing out the rich, why not the rest of us?

Sounds great!!!!

Now, about that $100,000 you're gonna lend me...…..

 

[BrokeLoser]

Big scary words to some.

The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members. With the impact of the virus on their revenues, Congress is handing them a $50 billion bailout. Instead of being bailed out they should be nationalized.

In the health and economic crisis in which we find ourselves, the government is going to need all the public trust it can get. Bailouts of those who caused their problems and ours won’t meet the fairness test.

As I previously wrote, nationalization is a four-letter word for many, but it actually offers a chance to correct for the decades of deregulation and concentration and thereby restore competition to the economy. Nationalized banks too-big-to-fail, for example, can later be broken up and the pieces sold back into private hands. Commercial banks can again be separated from investment banks, and concentrated financial power can be broken.

Now that we know that markets are not self-regulating, we can restore sensible financial regulation and require banks to lend for productive purposes, not for financializing and leveraging existing assets. The US financial system has not served the productive side of the US economy for a long time.

While ordinary heavily indebted Americans are losing their jobs right and left as businesses close, shopping center lobbyists are asking for a $1 trillion guarantee. The hotel industry wants $150 billion. The restaurant industry wants $145 billion. The National Association of Manufacturers wants $1.4 trillion.

(continued)

Debt Forgivness and Nationalization Are the Answers to the Economic Crisis |

www.paulcraigroberts.org

How weird...another begging LefTard crying out for more commie-lite government intervention...haha
Please don't wonder why good, real, legitimate Americans hate your fucking guts.

 

[Toddsterpatriot]

Big scary words to some.

The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members. With the impact of the virus on their revenues, Congress is handing them a $50 billion bailout. Instead of being bailed out they should be nationalized.

In the health and economic crisis in which we find ourselves, the government is going to need all the public trust it can get. Bailouts of those who caused their problems and ours won’t meet the fairness test.

As I previously wrote, nationalization is a four-letter word for many, but it actually offers a chance to correct for the decades of deregulation and concentration and thereby restore competition to the economy. Nationalized banks too-big-to-fail, for example, can later be broken up and the pieces sold back into private hands. Commercial banks can again be separated from investment banks, and concentrated financial power can be broken.

Now that we know that markets are not self-regulating, we can restore sensible financial regulation and require banks to lend for productive purposes, not for financializing and leveraging existing assets. The US financial system has not served the productive side of the US economy for a long time.

While ordinary heavily indebted Americans are losing their jobs right and left as businesses close, shopping center lobbyists are asking for a $1 trillion guarantee. The hotel industry wants $150 billion. The restaurant industry wants $145 billion. The National Association of Manufacturers wants $1.4 trillion.

(continued)

Debt Forgivness and Nationalization Are the Answers to the Economic Crisis |

www.paulcraigroberts.org

You want to know what would shock me? If for once, the government showed that the people of this country mattered-- -- -- were "to big to fail," and made all the credit card companies and banks forgive all our debt. Just ONCE let THEM take it on the chin for extending loans and credit blindly taking risks in the hopes of massive returns.

We wouldn't get debt forgiven. We'd have to discharge it in bankruptcy. But I am hopeful that if the dems can regain power, they'll allow students to discharge student loans in bankruptcy. That will end the lenders using student loans as a golden goose. It'll make it harder for students to get loans, but I'm not sure that is a horrible thing. We could expand public service and allow them a stipend for an agreement to teach and work in healthcare in hard to serve places.

But I am hopeful that if the dems can regain power, they'll allow students to discharge student loans in bankruptcy. That will end the lenders using student loans as a golden goose.

Ummmmm….the federal government is the lender.

 

[Andylusion]

Big scary words to some.

The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members. With the impact of the virus on their revenues, Congress is handing them a $50 billion bailout. Instead of being bailed out they should be nationalized.

In the health and economic crisis in which we find ourselves, the government is going to need all the public trust it can get. Bailouts of those who caused their problems and ours won’t meet the fairness test.

As I previously wrote, nationalization is a four-letter word for many, but it actually offers a chance to correct for the decades of deregulation and concentration and thereby restore competition to the economy. Nationalized banks too-big-to-fail, for example, can later be broken up and the pieces sold back into private hands. Commercial banks can again be separated from investment banks, and concentrated financial power can be broken.

Now that we know that markets are not self-regulating, we can restore sensible financial regulation and require banks to lend for productive purposes, not for financializing and leveraging existing assets. The US financial system has not served the productive side of the US economy for a long time.

While ordinary heavily indebted Americans are losing their jobs right and left as businesses close, shopping center lobbyists are asking for a $1 trillion guarantee. The hotel industry wants $150 billion. The restaurant industry wants $145 billion. The National Association of Manufacturers wants $1.4 trillion.

(continued)

Debt Forgivness and Nationalization Are the Answers to the Economic Crisis |

www.paulcraigroberts.org

All garbage.

If even one single aspect of your mindless drivel was true.... then why is all of Europe worse off, and they have nationalized health care, and nationalized transportation?

You people...

 

[gipper]

There should be nationwide strikes by essential workers all across the nation. This would force the crooks in DC to pay attention to the 90%. A loan jubilee should be demanded for all loans including college, home, and auto. Medicare for all should be immediately implemented.

A loan jubilee should be demanded for all loans including college, home, and auto.

Exactly!!!

But before we do......could you lend me $100,000?

Pay you back soon, promise!!!

The Fed and our government are very good at bailing out the rich, why not the rest of us?

Sounds great!!!!

Now, about that $100,000 you're gonna lend me...…..

Why just $100k? You need to think like those assholes in the ivory tower. They ask for billions and the Fed and government gladly oblige.

 

[Toro]

You want to know what would shock me? If for once, the government showed that the people of this country mattered-- -- -- were "to big to fail," and made all the credit card companies and banks forgive all our debt. Just ONCE let THEM take it on the chin for extending loans and credit blindly taking risks in the hopes of massive returns.

That would obliterate the financial and completely destroy the economy.

We'd be reduced to a barter system.

 

[Toro]

There should be nationwide strikes by essential workers all across the nation. This would force the crooks in DC to pay attention to the 90%. A loan jubilee should be demanded for all loans including college, home, and auto. Medicare for all should be immediately implemented.

I didn't realize you were a socialist.

 

[Polishprince]

Big scary words to some.

The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members. With the impact of the virus on their revenues, Congress is handing them a $50 billion bailout. Instead of being bailed out they should be nationalized.

In the health and economic crisis in which we find ourselves, the government is going to need all the public trust it can get. Bailouts of those who caused their problems and ours won’t meet the fairness test.

As I previously wrote, nationalization is a four-letter word for many, but it actually offers a chance to correct for the decades of deregulation and concentration and thereby restore competition to the economy. Nationalized banks too-big-to-fail, for example, can later be broken up and the pieces sold back into private hands. Commercial banks can again be separated from investment banks, and concentrated financial power can be broken.

Now that we know that markets are not self-regulating, we can restore sensible financial regulation and require banks to lend for productive purposes, not for financializing and leveraging existing assets. The US financial system has not served the productive side of the US economy for a long time.

While ordinary heavily indebted Americans are losing their jobs right and left as businesses close, shopping center lobbyists are asking for a $1 trillion guarantee. The hotel industry wants $150 billion. The restaurant industry wants $145 billion. The National Association of Manufacturers wants $1.4 trillion.

(continued)

Debt Forgivness and Nationalization Are the Answers to the Economic Crisis |

www.paulcraigroberts.org

I humbly disagree. I don't think that the US government is really capable of running all the nation's airlines. They made a mess out of Amtrak, which has lost money every year of their existence.

Further, if the country goes full press Socialist (which would seem like a prerequisite for such a move), only the elite will be able to afford to regularly take flights, and why should the common people be subsidizing this?

 

[Andylusion]

Big scary words to some.

The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members. With the impact of the virus on their revenues, Congress is handing them a $50 billion bailout. Instead of being bailed out they should be nationalized.

In the health and economic crisis in which we find ourselves, the government is going to need all the public trust it can get. Bailouts of those who caused their problems and ours won’t meet the fairness test.

As I previously wrote, nationalization is a four-letter word for many, but it actually offers a chance to correct for the decades of deregulation and concentration and thereby restore competition to the economy. Nationalized banks too-big-to-fail, for example, can later be broken up and the pieces sold back into private hands. Commercial banks can again be separated from investment banks, and concentrated financial power can be broken.

Now that we know that markets are not self-regulating, we can restore sensible financial regulation and require banks to lend for productive purposes, not for financializing and leveraging existing assets. The US financial system has not served the productive side of the US economy for a long time.

While ordinary heavily indebted Americans are losing their jobs right and left as businesses close, shopping center lobbyists are asking for a $1 trillion guarantee. The hotel industry wants $150 billion. The restaurant industry wants $145 billion. The National Association of Manufacturers wants $1.4 trillion.

(continued)

Debt Forgivness and Nationalization Are the Answers to the Economic Crisis |

www.paulcraigroberts.org

You want to know what would shock me? If for once, the government showed that the people of this country mattered-- -- -- were "to big to fail," and made all the credit card companies and banks forgive all our debt. Just ONCE let THEM take it on the chin for extending loans and credit blindly taking risks in the hopes of massive returns.

We wouldn't get debt forgiven. We'd have to discharge it in bankruptcy. But I am hopeful that if the dems can regain power, they'll allow students to discharge student loans in bankruptcy. That will end the lenders using student loans as a golden goose. It'll make it harder for students to get loans, but I'm not sure that is a horrible thing. We could expand public service and allow them a stipend for an agreement to teach and work in healthcare in hard to serve places.

If the Dems allow students to discharge student loans, then they are going to have to give hundreds of billions of dollars, which will require higher taxes on everyone including to the students, to pay the banks off.

If they don't pay the banks off, then students loans in the country will come to a sudden and abrupt end. No one is going to loan $100,000 to a teenager, who has never worked a real job.

If you are ok with that, then so am I. But just remember, now students will have to work to earn money to pay for the education.

And if you think the federal government is going to have enough money to pay for everyone to get free education.... you are crazy. That's why nearly all of Europe is moving towards students paying the costs. Netherlands replaced nearly all their education grants, with education loans. UK has moved to increase tuition costs, to cover education expenses. German schools are increasing tuition fees, citing education funding gaps.

 

[the other mike]

All garbage.

If even one single aspect of your mindless drivel was true.... then why is all of Europe worse off, and they have nationalized health care, and nationalized transportation?

You people...

The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members.

They'd have no problems if they'd never bought back a share?
What about small businesses that never bought back a share, are they all fine?

Bailouts of those who caused their problems.....

Pretty sure that airlines didn't cause the Wuhan virus.

Wishful thinking that the USA will ever be a democracy. The only thing nationalized is the debt our leaders continue to pile on us. We don't even let other countries nationalize, unless we choose to, like Saudi Arabia.

https://www.veteransforpeace.org/files/7815/5130/4069/US_Acts_of_Aggression_in_Latin_America_Timeline.pdf

 

[eagle1462010]

Global reset is coming. One world currency.

That is EXACTLY what they want and what this Op is about.............Reset the world..........get rid of the Reserve Currency of the dollar..........and replace ALL CURRENCY with electronic currency.

The Mark of the Beast
16And the second beast required all people small and great, rich and poor, free and slave, to receive a mark on their right hand or on their forehead, 17so that no one could buy or sell unless he had the mark— the name of the beast or the number of its name. 18Here is a call for wisdom: Let the one who has insight calculate the number of the beast, for it is the number of a man, and that number is 666.…

 

[toobfreak]

You want to know what would shock me? If for once, the government showed that the people of this country mattered-- -- -- were "to big to fail," and made all the credit card companies and banks forgive all our debt. Just ONCE let THEM take it on the chin for extending loans and credit blindly taking risks in the hopes of massive returns.

That would obliterate the financial and completely destroy the economy.

We'd be reduced to a barter system.

And bankrupting all of America's workers and small business won't? I'll take my chances. I think we can do better without banks and credit agencies than credit agencies and banks can do without us.

 

[eagle1462010]

They can't do a Global reset without WWIII..............drums of War are being tuned for China right now............they are testing the waters...........

 

[eagle1462010]

If they go to digital money..........and say you must have a chip in your hand for buying and selling here................I'm gonna shove the micro chip up your ass....

Just saying................

 

[Toddsterpatriot]

There should be nationwide strikes by essential workers all across the nation. This would force the crooks in DC to pay attention to the 90%. A loan jubilee should be demanded for all loans including college, home, and auto. Medicare for all should be immediately implemented.

A loan jubilee should be demanded for all loans including college, home, and auto.

Exactly!!!

But before we do......could you lend me $100,000?

Pay you back soon, promise!!!

The Fed and our government are very good at bailing out the rich, why not the rest of us?

Sounds great!!!!

Now, about that $100,000 you're gonna lend me...…..

Why just $100k? You need to think like those assholes in the ivory tower. They ask for billions and the Fed and government gladly oblige.

Why just $100k?

You're right!!!!!

Can you lend me $500K?

 

[Andylusion]

All garbage.

If even one single aspect of your mindless drivel was true.... then why is all of Europe worse off, and they have nationalized health care, and nationalized transportation?

You people...

The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members.

They'd have no problems if they'd never bought back a share?
What about small businesses that never bought back a share, are they all fine?

Bailouts of those who caused their problems.....

Pretty sure that airlines didn't cause the Wuhan virus.

Wishful thinking that the USA will ever be a democracy.
We don't even let other countries nationalize, unless we choose to, like Saudi Arabia.

https://www.veteransforpeace.org/files/7815/5130/4069/US_Acts_of_Aggression_in_Latin_America_Timeline.pdf

We don't allow other countries nationalize? Funny, could have sworn that Pemex, and PDVSA were both nationalized.

In fact, I can think of dozens of nationalized companies and industries in South America.

Full of crap again?

 

[Toddsterpatriot]

You want to know what would shock me? If for once, the government showed that the people of this country mattered-- -- -- were "to big to fail," and made all the credit card companies and banks forgive all our debt. Just ONCE let THEM take it on the chin for extending loans and credit blindly taking risks in the hopes of massive returns.

That would obliterate the financial and completely destroy the economy.

We'd be reduced to a barter system.

And bankrupting all of America's workers and small business won't? I'll take my chances. I think we can do better without banks and credit agencies than credit agencies and banks can do without us.

And bankrupting all of America's workers and small business won't? I'll take my chances.

Exactly!!!
Nobody needs all the money they hold in their savings and checking account.....zero them out.

 

[Toro]

And bankrupting all of America's workers and small business won't? I'll take my chances. I think we can do better without banks and credit agencies than credit agencies and banks can do without us.

That's very socialist of you.

The economy cannot operate without credit. Without credit, 98% of those small businesses don't exist in the first place.

 

[Toro]

And bankrupting all of America's workers and small business won't? I'll take my chances.

Exactly!!!
Nobody needs all the money they hold in their savings and checking account.....zero them out.

Exactly.

Everybody's savings in banks would be destroyed.

A bank's balance sheet:

Assets: Loans
Liabilities: Deposits.

If Loans = $0, the Deposits = $0.

 

[toobfreak]

And bankrupting all of America's workers and small business won't? I'll take my chances. I think we can do better without banks and credit agencies than credit agencies and banks can do without us.

That's very socialist of you.

The economy cannot operate without credit. Without credit, 98% of those small businesses don't exist in the first place.

Without American workers, it won't matter.