Quote:
Originally Posted by StickyGreen
Except most "occupiers" are blaming Wall Street and "rich people" while the root of the problem is central banking.
From 1836 to 1913 our country had NO central bank (thanks mostly to Andrew Jackson) and the economy flourished for the most part.
1913 not only brought back the central bank, but it added the income tax along with it, something our country also did not have before 1913 and the government was still able to operate (contrary to people who believe there is no alternative to the income tax).
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Nobody is blaming "rich people" in general, at least nobody with half a brain. The reason they're at wallstreet is because that's where these financial institutions are headquartered. Where exactly is AIG located? The insurance company that created credit default swaps, made billions in profit off of them and then went bankrupt when they had to pay out?
And if we had allowed these banks to fail who would take over the American banking sector? The federal government is keeping them on life support because if they didn't the shit would really hit the fan. We owe China over 1 1/2 TRILLION dollars, our number one export is debt, who do you think is going to take over our banking system if we let it fail?