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originally posted by: AugustusMasonicus
They busted their own kneecap, no one makes you take a loan from a bookie.
originally posted by: kwakakev
So what about the bookies responsibility in providing a bad loan. Why should the bookie expect to get paid when they know there is no means to pay. If you make a sub prime loan that is at your own risk.
originally posted by: kwakakev
If you are a nation like Greece the only option for a loan has been an institution like the IMF. Countries like the US can just print more money for their decadent lifestyle but since Greece joined the EU it have to give up its printing press with Germany now leading the influence over the printing press for Greece.
originally posted by: kwakakev
Why is it ok for organisations like Goldman Sachs to get interest free loans with money pulled out of thin air at the slightest hint that they are in financial trouble, but other organisations like Greece are forced to burden massive and uncontrollable interest policies that go on for generations and privatise any natural resources?
Why is it ok for organisations like Goldman Sachs to get interest free loans with money pulled out of thin air at the slightest hint that they are in financial trouble,
originally posted by: kwakakev
I know there was a lot of arm twisting going on in the background when setting up the EU and the is a lot of arm twisting going on now.
originally posted by: kwakakev
I can see one benefit in the policy of interest has been to increase the monetary supply.
originally posted by: kwakakev
For governments running hospitals, schools and keeping the roads up there are other motivations and priorities rather than purely financial ones.
originally posted by: kwakakev
a reply to: AugustusMasonicus
Why is it ok for organisations like Goldman Sachs to get interest free loans with money pulled out of thin air at the slightest hint that they are in financial trouble, but other organisations like Greece are forced to burden massive and uncontrollable interest policies that go on for generations and privatise any natural resources?
Too big to fail, only if there is a money printing press in the local vicinity.
originally posted by: kwakakev
At the crux of one problem is just how funds are generated. The rise of bitcoin is one example of how money does not have to be about gold, oil, bonds, slaves or any other assets but is really all about trust.