Instead** of giving** Money to institutions who wasted and squandered it in the first place and made a complete mess of the economy…
Why not give the money directly to the citizens and eliminate the Non Productive Middle Men…the crooked Banks…
all the Banks do is in turn lend out Tax Payer funds at 5% interest while Govt gave them the Taxpayer funds @ 0.0% interest…
Who needs the Banks…
Re: Why we Need the Banks when Govt can create all Money it wants?
Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
explain yourself young man....................r u MAD?............:)
or are you a Mad Banker?
Re: Why we Need the Banks when Govt can create all Money it wants?
I'm sorry, the funny things about your post were
1) Ignoring the inflationary effects of creating money
2) Ignoring the inflationary effects of releaseing money to the public
3) Assuming the banks lend out taxpayer money
Well actually not a bad idea but if this money is distributed among citizens, how much will each tax payer get, 1000 or 2000$ utmost. What will they be doing with that? Banks are crook, no doubt about it. But to keep this capitalistic economy, they need these institutions to be alive.
I know where are you coming from but unfortunately nothing much can be (rather will be) done here…
Re: Why we Need the Banks when Govt can create all Money it wants?
Nothing but conspiracy theories will be posted in this thread.
Re: Why we Need the Banks when Govt can create all Money it wants?
I think all the money should be given to me.
I'm sorry, the funny things about your post were
1) Ignoring the inflationary effects of creating money 2) Ignoring the inflationary effects of releaseing money to the public 3) Assuming the banks lend out taxpayer money
1) Already happening so it could not get any worse/debatable!
2) Out of Work people need money to live..........it comes from the treasury!
3)Now they certainly do............only thing they own is the bricks in their buildings.....may be not even that!
Well actually not a bad idea but if this money is distributed among citizens, how much will each tax payer get, 1000 or 2000$ utmost. What will they be doing with that? Banks are crook, no doubt about it. But to keep this capitalistic economy, they need these institutions to be alive.
I know where are you coming from but unfortunately nothing much can be (rather will be) done here...
The 5% that Banks skim could be used to reduce Taxes..........Make Homeless shelters out of all the Bankrupt Bank Buildings.......:)
Nothing but conspiracy theories will be posted in this thread.
This is not a "Theory of Conspiracy"........this a theory to stop Banker's "Piracy"................:biggthumb
The Bankers are Robbing Obama and the Tax Payers.........
I think all the money should be given to me.
Yes you can have your fair share after we all get ours.............:)
But seriously...............the point is why did 50,000 American Young Men loose their lives in Veitnam?
To protect Capitalism and Democracy against the Big Bad Evil of Socialism and Communism................
Guess who owns all the/most of the USA treasury notes more than two trillion dollars worth.....................
Communist China.....................
If that Evil system was so bad.............how come they come out on top?
anyone has an answer????????????
Re: Why we Need the Banks when Govt can create all Money it wants?
Not only does Obama have a muslim middle name, he also smokes pot. God bless America!
Not only does Obama have a muslim middle name, he also smokes pot. God bless America!
Ahemmm!..........Jaanwar............correction .......that was Mr Clinton....
Obama is clean so far!
better catch up on your reading..
Effect of Obama’s Candor Remains to Be Seen - washingtonpost.com
In the book, Obama acknowledges that he used cocaine as a high school student but rejected heroin. “Pot had helped, and booze; maybe a little blow when you could afford it. Not smack, though,” he says.
In an interview during his Senate race two years ago, Obama said he admitted using drugs because he thought it was important for "young people who are already in circumstances that are far more difficult than mine to know that you can make mistakes and still recover.
and here he is in an interview
Re: Why we Need the Banks when Govt can create all Money it wants?
it is a little secret
secret is to make all the country men work in some way to develop their respective country
who is going to do lesser jobs like cleaning when every one is given free money- will you do it
free money is only for people affected by circumstances.
there is a game caesar 3 play it old one but gold on.
1) Already happening so it could not get any worse/debatable! 2) Out of Work people need money to live..........it comes from the treasury! ..... If that Evil system was so bad.............how come they come out on top?
anyone has an answer????????????
You seem to be having the answers for all the problems. Man, it is time to setup a county somewhere and start ruling. I think a start can be made from the asylum itself.
I'm sorry, the funny things about your post were
1) Ignoring the inflationary effects of creating money 2) Ignoring the inflationary effects of releaseing money to the public 3) Assuming the banks lend out taxpayer money
Amen.
“asylum in”…white house?..siplyme?..makes sense..
Re: Why we Need the Banks when Govt can create all Money it wants?
Till today I have not understood who decides who gets the money and who not. Plus, how can countries have debts? The world robs each other. Why is America rich? Germany? UK?
Please move this to joke forum !
"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism.
(Das Kapital, 1867 – Karl Marx)
I remmember back in 60’s all of India’s currency circulatiing in India’s total economy was owned by USA…and USA wiped the slate clean!
ever since USA and rest of the world got off the Gold Standard…this kind of currency manipulation and exchange became very easy for Governments. Not that I support the Gold standard…that is not the answer…*Nationalizing Banks is the way out of this Mess.
*
True to your avatar black cat…you jumped to conclusions too early firenze…simply check out what arjay wrote…and see if you can come to the same conclusion whether I am joking or not…
**Old Karl somehow predicted this stock market crash and the Mortgage Wipeout…taking every Tom Dick and Harry with it…
To furthur support my argument about Banks should be eliminated…
How many Credit Unions have gone broke …None!
because Credit Unions are not for Profit institutions…
that is where Banks belong…:k:
**
Re: Why we Need the Banks when Govt can create all Money it wants?
Do you want banks to be eliminated or nationalized? I do not get you! Elimination is not an option. As for nationalization:
Deal Journal - WSJ.com : Crisis Q&A: What “Bank Nationalization” Means For You
By the way, they are saying that Adam Smith predicted this crises even before marx 
FT.com / Comment / Opinion - Adam Smith gets the last laugh
They are also saying that it was actually the Bush Admin that was responsible:
Government Intervention, Not the Lehman Collapse, Caused the Financial Crisis - WSJ.com