Quote:
Originally Posted by 12clicks
The really amazing thing here is that lots of otherwise intelligent people really, really believe that its someone else's fault that they have huge credit card debt, huge student loan debt, and an upside down mortgage.
THEY chose all of it, lived beyond their means, and now want a bail out.
at the end of the day, NOTHING will come of it.
The producer class is not going to give up what they EARNED to help out a bunch of whiners.
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Yes, let's blame the people for all the corporate/government greed, corruption, etc....
Yes, people should be more responsible for themselves and with their money...
But consider this...
EVERYONE wants a part of the dream. You, me, everyone in the world. Everyon wants a little more. And what do you think happens when banks come along and essentially make people believe they can afford something they actually can't... people jump on it without reading the fine print.. and eventually cause themselves to get screwed in the end. Allthewhile the govermnent allows these practices to continue because the politicians are getting their cut somewhere along the line.
And then shit hits the fan...
People lose jobs.. they lose their houses, they lose everything.
And instead of holding the banks responsible like they should be, we dumpb billions of backless money into them. And where does that money go? Does it go to helping the economy? No, it gets used as bonus money for CEO's and share holders.
The point here is, yes, the people should have been more responsible... but it should have been down right illegal for the banks to allow such loans to begin with. It's fraud on the highest level.. and instead of holding them responsible, we congratulate them on a job well done and give them billions of dollars.
And the above is just one small slice of the whole problem... And to be completely honest, all I've seen so far is governments doing nothing but putting bandais on a severed artery; while making sure the top 1% keep making more money while the rest of the population suffers big time.
And if any of you think we've already seen the worst of it... you are sadly mistaken. Currency inflation has been tried several times in the past by numerous countries... and it has never succeeded in doing anything but making things worse. Every single time.
And as soon as the USD loses it's place as the world's reserve currency... it's game over... because that is the
only reason we've been able to get away with backless inflation of the dollar thus far.