reply to post by mr. wildflowers
They should invest in building an infrastructure to support the people within each respective nation.
We all need to secure our own food production, farming, energy, finances etc...
Basically, we need to step away from globalization and become protectionist as nations in general.
The collapse is due to people buying needlessly on credit. And all of our countries are just pumping more money into a system that is already broken.
They're trying to fix something using the very same things that caused the mess to begin with.
Without the bail outs, things will be hard. No doubt about it.
But with it, they're just sinking us further into the problem for decades to come. It will be a whole lot worse.
They've already shown that they're not capable of doing this job. What kind of government gives away billions and does it without legal framework
for its use?
How on earth did they think banks would use the money? How did they "forget" to stipulate that a certain figure has to (by law) be issued in loans
to small business? How did they "forget" to add stipulations on bonuses and restrictions on overseas investment?
That is the sole reason I believe that this was all manufactured. It was all planned to happen exactly the way it is.
Governments don't just give billions of $ to bankers and not make stipulations on how the money is used to boost an economy. This was a robbery.
And another thing!
"Too big to fail"... how exactly? In my reckoning, if a business has failed, they shouldn't be in business. That's the law of the jungle. You fail
and your business sinks.
In what kind of sane world do we prop up businesses that cannot manage their own business? How is that EVER going to progress our society?
Personally, I'd be taking my money out of a bank that had failed to run their business properly and putting it into one that has managed through all
of this relatively unscathed. How is it in our interest to keep our money within a business that has proven that they cannot do their business
[edit on 9-2-2009 by detachedindividual]