Originally posted by disgustedbyhumanity
reply to post by Truther
I don't know why you don't get it. The doomsday scenario only happens without a bailout. No doubt the banks and wall street have done us bad. They
have taken our deposits and lost it all and then some. We either act and we get to keep our money or we let it all collapse and then the goverment and
FDIC will have to outlay amounts much greater than the 700 billion just to give us our savings back.
I suspect it is you who don't get it... With a bailout, each citizen is over $2000 further indebted to the Federal Reserve (a private corporation).
And all it will do, besides furthering the debt we owe as indentured slaves, is forestall the collapse.
People keep bringing up the FDIC as though it is some magical governmental agency (in fact, it is...a private corporation) and can just as easily
print money as can the Federal Reserve (a private corporation). In truth, if they are called upon to pay virtually every accountholder - or even half
of them... Guess where THEY will go for the money?
The Federal Reserve (a private corporation).
So either way, our economy is in sorry shape, but I would rather have my deposits covered with the money (though issues will come up) than bail out
crooks, further indebt myself and my five-year-old daughter in our slavery, and STILL have issues.
A bailout is going to happen either way.
Only if our elected officials don't listen to us - which, sadly, is a high probability...
We can do it now and avoid financial Armeggedon or we can wait for Armegeddon and then do it.
Sweetheart, financial "Armegeddon" will happen either way. One a wee bit sooner than the other, but in the whole scheme of things - virtually at
the same point.
My vote is to do it now and avoid much of the future pain.
My vote is to get it over with with as little debt owed to my slavers as possible. I might actually get to pay them off (Ok, I dream on).
There is no doubt the system needs drastic change and it is coming. We can pay for it now or pay much more for it later.
We can pay for it now or later, yes. But it will amount to about the same...except we won't owe as much to those who hold our slave papers.
American is down the tubes because the populance is morons who take stands based on false truths. That is the real problem with
America.
Now where did THAT come from??? Can you elaborate on this, please?
[edit on 10/2/2008 by Amaterasu]