reply to post by cpdaman
Great Post, cpdaman!! I'd star it twice if possible. The premise of this thread is right on, I can't believe you all have let it be de-railed by
the likes of "LightinDarkness."
First off let me say that I could only bear reading the first 7 pages of this thread before posting. LinD has some very good points, there needs to
be personal responsibility in every aspect of life, especially financial, i.e. don't spend more than you got (or can afford to pay back), but that's
not the point of this thread.
I'm not sure how a thread about a flawed monetary system has turned into an argument about "you’re poor because you’re stupid." Either the
video provided factual information or it didn't. The question is can banks "create" money as described in the video? The last post leans my
opinion towards yes. The other question is does the current monetary/economic system rely on perpetual growth? If that answer is yes then I guess
we're screwed, because the last time I checked, the Earth ain't growin'.
One fact continually ignored by LinD, the multi-trillion dollar debt of a nation whose majority of citizens are also in debt up to their collective
Another scary reality: 75% of our economy is CONSUMER SPENDING. But who is doing the spending and what are they using to spend? My guess is that
most are the "stupid people" LinD described and are spending money they don't have. In other words, the foundation of our economy is based on
people buying "stuff" with credit cards and loans.
DOES THIS SCARE THE HELL OUT OF ANYONE ELSE HERE???
We are living in a house of cards that is ready to topple; the question is not IF, but WHEN? And me thinks it's soon.
The point here is that we've been thrust into a losing proposition from the beginning (or at least my beginning). Put into a maze in which there are
only dead ends.
So the question is WHAT ARE WE GOING TO DO ABOUT IT?? My guess is most will sit on their arses and wait to see who the next American Idol is going to
WHAT ARE YOU GOING TO DO ABOUT IT???
I would like to see this thread offer possible actions a nobody like me can do to remedy this situation.
Any thoughts out there? Or maybe George Carlin said it best, the Guys Behind the Curtain like the small guys like us believing in the American Dream,
after all you have to be ASLEEP to dream.
[edit on 16-2-2008 by DrZERO]