posted on May, 13 2010 @ 03:53 PM
reply to post by FritosBBQTwist
OK, yes you make an excellent point. One of the very few roles I see for gov't is the breaking up of monopolies and enforcement of freely competitive
environments. It seems to be the major oversight of the Constitution IMO.
I think there are natural cycles that are heavily skewed by greed. The goal has been for gov't to smooth those out, but as we know the opposite
happened when the greed won them over as well. So at the end of the day, gov'ts fall because of it.
I think the fractional reserve system the banks are allowed to use is a bit much. Being able to multiply loans ten times is over the top IMO. The
level of multiplication should be strictly tied to economic growth. Which ties in with interest rates and bank reserves which are supposed to watched
over by (uh-oh) the federal reserve aka private banks!
And of course that was all done in the dark of night under Wilson. When Kennedy messed with their reserve notes we all know what happened. So Greed,
Greed, Greed or human Sin. Whatever it's called, it's intrinsic and needs to be dealt with as such. The first step is to admit the problem.