Our Financial State of America

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Banjo said:
They should had handed them out to the people with mortgages. Therefore, no need for foreclosures and the banks still get the big bucks.
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But, but.....then the average Joe would get a benefit! Don't you know that we can't let that happen!
 
Banjo said:
They should had handed them out to the people with mortgages. Therefore, no need for foreclosures and the banks still get the big bucks.
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Yep....if they had to give money....that's the way it should have been done.
 
Like I said, it's all about faith. They know some won't pay back. It is just not possible since a lot of money are actually non-existent.

You can create your own money but you have to convince others that it's a legal tender and that requires faith.
 
netrox said:
Like I said, it's all about faith. They know some won't pay back. It is just not possible since a lot of money are actually non-existent.

You can create your own money but you have to convince others that it's a legal tender and that requires faith.
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Not really. I require something more tangible. That is why I like the gold standard so much. :)
 
Debt

Banjo said:
Foreclosure. :lol:
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That's not true...Whoever financed the home never gets repaid and het He is not the good guy in this picture , because if you only make $25000 yrly and buy a $200,000 home..you will(even at interest rate of 5%) be paying back
$300,000 in interest alone..so that house will end up costing base $500,000.
No one wins when homes are continuously foreclosed. The value of the persons working trying to pay their mortgage losses home equity because of property value falling.

I see many of you simply say "so what" ..well say what you will about Bill Clinton but he balanced the budget before leaving office. Bailing out the banksand the JoeBlow Mortgage companies was a huge mistake. Just like the insult to our servicemen who did not recieve their pay this month. GREAT!
The dollar is at an all time low. Food costs are rising.
I really do not know what's going to happen. i can tell you I do not live above my means..if I can not pay cash I dont get it. So I do without alot.

Please dont say "so what" when the men abd women we are asking to put their lives on the line for this country don't get paid. what an insult.

I am embarrassed as a deaf american woman, that the country so many died for....now has a "so what" attitude. We are in over our heads..and I remember who get us here... I am an active member of The Green Party. we are small but will have a candidate on all upcoming elections. Read about us. I apologize for my soapbox speech...but I have lost family members is this so called "war", they paid the ultimate. I meditate daily for Peace♥
 
debt

TheWriteAlex said:
The sky is falling! the sky is falling! :sure:
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WOW I am shocked that you are blowing this off. You usually post with factual data and make a point. what happened...hung over?? There is nothing funny about the poor losing more and the rich getting richer...unless your one of the rich..Hmmmm. grinning.. Peace to you, who ever you are..
 
MidnightSun said:
WOW I am shocked that you are blowing this off. You usually post with factual data and make a point. what happened...hung over?? There is nothing funny about the poor losing more and the rich getting richer...unless your one of the rich..Hmmmm. grinning.. Peace to you, who ever you are..
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Case example of denial and a ostrich syndrome.

Yiz
 
MidnightSun said:
WOW I am shocked that you are blowing this off. You usually post with factual data and make a point. what happened...hung over?? There is nothing funny about the poor losing more and the rich getting richer...unless your one of the rich..Hmmmm. grinning.. Peace to you, who ever you are..
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yizuman said:
Case example of denial and a ostrich syndrome.

Yiz
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Clearly neither of you understand our economic system. The national debt has been an integral part of it since the beginning of the United States. It was never, ever, intended to be paid off. It is what allows our country to build credit and set interest rates. Brush up on your economic history, paying particular attention to Alexander Hamilton, Thomas Jefferson, and James Madison.

Next, I don't think there is anything funny about the rich getting richer and the poor getting more poor. That is exactly why I am poo-poo'ing this, because it is fear-mongering like this that allows the economic elite to implement financial policy that keeps them on top: tax cuts for the wealthy, government bailouts of large corporations, loosening of environmental and economic constraints, etc.

Tax cuts do not create jobs: DEMAND for goods and services create jobs. Simple economics here.

There's a reason this recession has been the best thing to ever happen to the wealthiest people in the country. The widening gap between rich and poor has never been more. It's been terrible for the middle class, yes absolutely, but for the wealthy? Naaaahhhh.

The thing is, when you are afraid, you're more likely to believe the lies and BS that people want to sell you. Now let me ask, who is burying his head in the sand?
 
TheWriteAlex said:
Clearly neither of you understand our economic system. The national debt has been an integral part of it since the beginning of the United States. It was never, ever, intended to be paid off. It is what allows our country to build credit and set interest rates. Brush up on your economic history, paying particular attention to Alexander Hamilton, Thomas Jefferson, and James Madison.

Next, I don't think there is anything funny about the rich getting richer and the poor getting more poor. That is exactly why I am poo-poo'ing this, because it is fear-mongering like this that allows the economic elite to implement financial policy that keeps them on top: tax cuts for the wealthy, government bailouts of large corporations, loosening of environmental and economic constraints, etc.

Tax cuts do not create jobs: DEMAND for goods and services create jobs. Simple economics here.

There's a reason this recession has been the best thing to ever happen to the wealthiest people in the country. The widening gap between rich and poor has never been more. It's been terrible for the middle class, yes absolutely, but for the wealthy? Naaaahhhh.

The thing is, when you are afraid, you're more likely to believe the lies and BS that people want to sell you. Now let me ask, who is burying his head in the sand?
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Just a heads up; Jefferson did NOT want to have any debt. Nor a national bank for that matter.
According to your thinking, that one critical information throws all the credibility of your post out of the window.

Just saying.
 
posts from hell said:
Just a heads up; Jefferson did NOT want to have any debt. Nor a national bank for that matter.
According to your thinking, that one critical information throws all the credibility of your post out of the window.

Just saying.
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Correct. Also, people have no idea how harmful the Federal Reserve is. It was deliberately planned. I am not in the mood to go into all this, but there you have it.
 
posts from hell said:
Just a heads up; Jefferson did NOT want to have any debt. Nor a national bank for that matter.
According to your thinking, that one critical information throws all the credibility of your post out of the window.

Just saying.
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I didn't say he wanted the debt. Hamilton did, but I didn't say that either. I just said to look it up because that's where the history is.

Nice try though. Better luck next time.
 
TheWriteAlex said:
I didn't say he wanted the debt. Hamilton did, but I didn't say that either. I just said to look it up because that's where the history is.

Nice try though. Better luck next time.
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Not a try. It was a fact. Your post had holes throughout - which was exactly what I was saying and you confirmed it in this post.

:sure:
 
posts from hell said:
Not a try. It was a fact. Your post had holes throughout - which was exactly what I was saying and you confirmed it in this post.

:sure:
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I think anyone with basic reading comprehension can read my post and see what I meant.

What you do, quite often, is twist words around and manipulate. Telling lies eventually comes back to bite you in the ass, ya know?

Now be gone, annoying gnat.
 
TheWriteAlex said:
I think anyone with basic reading comprehension can read my post and see what I meant.

What you do, quite often, is twist words around and manipulate. Telling lies eventually comes back to bite you in the ass, ya know?

Now be gone, annoying gnat.
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Not twisting or telling lies either - just pointing out a flaw in your writing.

Cant have it both ways, Alex.
 
TheWriteAlex said:
I think anyone with basic reading comprehension can read my post and see what I meant.

What you do, quite often, is twist words around and manipulate. Telling lies eventually comes back to bite you in the ass, ya know?

Now be gone, annoying gnat.
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FYI - Jefferson opposed borrowing, debt, federal taxes, Federalism, Hamilton, and Alien & Sedition Acts. Jeffersonian is completely opposite of your post.
 
posts from hell said:
Not twisting or telling lies either - just pointing out a flaw in your writing.

Cant have it both ways, Alex.
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You're begging the question.

If I cared at all or respected your opinions, I'd ask you to point out these "holes," (which, if you had any, you would have brought them up to begin with). But, I have other things to attend to, and since you won't take a hint and piss off... g'g'g goodbye.
 
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