Plateforme Level Extreme
Abonnement
Profil corporatif
Produits & Services
Support
Légal
English
Financial Bailout
Message
De
25/09/2008 18:41:19
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., Nouvelle Zélande
 
 
À
25/09/2008 17:04:28
Dragan Nedeljkovich (En ligne)
Now officially retired
Zrenjanin, Serbia
Information générale
Forum:
Finances
Catégorie:
Articles
Divers
Thread ID:
01349683
Message ID:
01350834
Vues:
24
The world has obviously desperate and clutching the thinnest straws, if it's waiting for me to offer a solution

The world wants no such thing; I'm just interested to know whether you have a solution in mind- IOW whether you're looking to "Fix the problem, not the blame." ;-)

Bring back the greenbacks. The buck should stop on Capitol Hill, as it did before 1913. The funny fiat money of today is a weapon of mass theft and should be abolished. It should be replaced with solid greenbacks in the amount that citizens have on hand, or the amount of wealth that corporations have publicly stated on their tax forms, let's trust them that those numbers were right.

So you want the Dept of the Treasury to issue notes rather than the Fed? The colorful descriptions are good fun but how exactly would that have prevented speculative trading in shonky loans? If you're saying "ban shonky loans" I think we'd all agree with that ;-) but how will changing the currency source achieve it? Besides, in what respect was society better off in 1913- was there less poverty and less "mass theft" as you describe it? Bearing in mind that US women did not yet have the vote in 1913, perhaps we can agree that things were not peachy just because notes were issued by Government.

I'm not trying to get at you, all I'm saying is that the proposed response seems a good one to me. Had a similar response been possible last century the Great Depression might have been avoided. Presumably we can agree that the Great Depression was not a success for society even if it did carry thunderous consequences and blame for some of those responsible. IMHO we need to be very careful what we wish for.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
Précédent
Suivant
Répondre
Fil
Voir

Click here to load this message in the networking platform