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Originally Posted by onwebcam
The Fed created a bubble by flooding the market with money. It happened in the 20's and crash. It happened with the S&L scandle and crash. It happened with the dotcom bubble and crash. It happened with the real estate bubble and crash.. It's happening with the bailout bubble and it's going to crash..
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I think you're confused on what happened... Because of WW1, the Fed Reserve by 1929 had a record amount of Gold. The reason it crashed was because of a lack of money in supply, due to purchase of totally different and fake Capital - which was corporate stocks.
Quote:
Originally Posted by onwebcam
I exchange my labor for my needs which creates something of value for me.
The bankers create nothing of intrinsic value to society and charge me an interest for doing so and make me and my children and their children forever endebted slave to their system.. With the help of Washington..
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They must create some type of market value or you wouldn't have what you have today. How are you a slave? Because you have to work to better life or should everyone just have the same low level crap life, living off the land?
Quote:
Originally Posted by onwebcam
In both the 1929 crash and the '08 crash the money supply was decreased which caused the crashes.. If there's not enough money to go around then theres not enough money for people to pay their bills. A crash.. Foreclosures, job losses, etc follow.. Which is what we have now..
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Just above you said "The Fed created a bubble by flooding the market with money." now you're saying "In both the 1929 crash and the '08 crash the money supply was decreased which caused the crashes.."
The 2nd statement is kind of correct - However "They" did not decrease the money supply as the stock capital value was never in the supply.
Quote:
Originally Posted by onwebcam
Working with a system that only truly benefits a few is.. crazy.. Working with a system that enslaves you, your children, and their children to debt is.. crazy..
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I'm not a slave to the system, I work when and how I choose, purchase what, go on vacations when I want, visit public parks, national parks, drive on great roads, drink clean water and live a very safe life.
If that's slavery, then sign me the fuck up.