Banks and the death of our country (Page 6): That is why they traded up.

pana Loc: are we there yet?

lpnmajor wrote:

I don't think trading worse for worser is a winning move. :lol:

That is why they traded up.

Floyd Brown Loc: Milwaukee WI

pana wrote:

That is what they would like you to believe. It is not rue. They haven't won a war or conflict in over 60 years. There will be no place for them to hideand they know it. That is why they are scrambling trying to take our rights away. People who aren't scared don't care what every person is doing at all times. They are weak and cowardly and our military will not join them.. That is why Obama is trying to dismantle the leaders.

I meant that post to about be us against those running the country. Those that we see & hear & those behind them who for the most part are hidden.

Floyd Brown Loc: Milwaukee WI

lpnmajor wrote:

Chrysler is an example. Public money was used to "save" them and then it's controlling interest is sold to Fiat, making it a foreign owned company. No one in Gov. objected to an American Icon being sold to a foreign company. Just as they did not object to MGM being sold to the Japanese. Our country is literally being sold out from under us. The rich benefit and as they have no loyalty to the US, neither does the Gov. No one says a word.

But we do have the choice of where we spend our money.

We can avoid buying from the Chinese if we wish. Or at least cut back a lot.

BigMike Loc: yerington nv

Floyd Brown wrote:

It is about who has control. What ever is set ,gold or the fiat system the banking system much as it is will be in control.

There is no way that we the people can win in a frontal attack
on that system.

The banks may control what the money is worth but we control how we spend it.

The wiser each of us is with how we handle our day to day living the more impact for change we can put on the system.

No, there's a HUGE difference in the amount of manipulation banks can do when we are on the gold standard. You should do a little research. I think you'd be fascinated.

And no matter how wise or thrifty you may be, there is no place to safeguard your dollar from the hidden tax of currency devaluation. This is really a big deal.

pana Loc: are we there yet?

BigMike wrote:

No, there's a HUGE difference in the amount of manipulation banks can do when we are on the gold standard. You should do a little research. I think you'd be fascinated.

And no matter how wise or thrifty you may be, there is no place to safeguard your dollar from the hidden tax of currency devaluation. This is really a big deal.

People keep saying "We could have a dollar collapse" They have no idea that we already have. This is what a failed currency looks like anyway you look at it.

Comment Loc: California

stan3186 wrote:

Al of this about securitizations is correct, but t... (show quote)

That was another social program that almost took down the whole economy. Uninformed people believe that George Bush caused it. The result was a mass retransformation of wealth to the liars via the bank bailout.

lpnmajor Loc: Arkansas

Billhuggins wrote:

That was another social program that almost took down the whole economy. Uninformed people believe that George Bush caused it. The result was a mass retransformation of wealth to the liars via the bank bailout.

You do realize the banks paid the money back? So did the auto makers, which when the GM stock was sold, made a modest profit.

pana Loc: are we there yet?

lpnmajor wrote:

You do realize the banks paid the money back? So did the auto makers, which when the GM stock was sold, made a modest profit.

We haven't been paid back 10 billion of the TARP funds we gave them.

vernon

pana wrote:

We haven't been paid back 10 billion of the TARP funds we gave them.

the govt lost money on gm stock when thay sold it

BigMike Loc: yerington nv

pana wrote:

People keep saying "We could have a dollar collapse" They have no idea that we already have. This is what a failed currency looks like anyway you look at it.

In 1789 you could buy a house for about $1000.
In 1889 you could buy a house for about $1200.
In 1989 you could buy a house for about $180,000.
I wonder if folks seriously ask themselves "what happened?"

BigMike Loc: yerington nv

Floyd Brown wrote:

But we do have the choice of where we spend our money.

We can avoid buying from the Chinese if we wish. Or at least cut back a lot.

Then America needs to begin producing electronics, steel, textiles etc. again, but before that can happen we need to emasculate the goddam Fed because its our monetary policy that chased those industries overseas in the first place.

pana Loc: are we there yet?

BigMike wrote:

Then America needs to begin producing electronics, steel, textiles etc. again, but before that can happen we need to emasculate the goddam Fed because its our monetary policy that chased those industries overseas in the first place.

:thumbup: More effective would be to get out of their system completely. I even pay my bills with po money orders now and only use my bank account to cash my check.

Floyd Brown Loc: Milwaukee WI

BigMike wrote:

Then America needs to begin producing electronics, steel, textiles etc. again, but before that can happen we need to emasculate the goddam Fed because its our monetary policy that chased those industries overseas in the first place.

If the person on the street had more money to spend our economy would be better.

Stop & think about just where the money that flows out of the country goes. How much of it goes in to the hands of US investors that have moved over seas?

Profits made & kept over seas but cost of production charges
deducted from taxes in the US.

Just how good does it sound to you "Greed is good."?

pana Loc: are we there yet?

vernon wrote:

the govt lost money on gm stock when thay sold it

You might find this list interesting. It was updated two days ago. Its worse than I thought.
http://projects.propublica.org/bailout/list

Floyd Brown Loc: Milwaukee WI

pana wrote:

You might find this list interesting. It was updated two days ago. Its worse than I thought.
http://projects.propublica.org/bailout/list

Even if most of the money went to banks etc.

It did a lot to keep things moving.

I world check the numbers but I had the lose at around 2%

It saved the system. But it would have been nicer if every one would have been helped. Not just a few. With the rest of us to make up the lose.