reply to post by marg6043
The answer is the connection between banks, if Greece goes, Europe goes, US goes, in short the whole economy.
It is like a first domino falling.
But in the end this is the only solution, there is no way we will grow out of this mess.
And i'm sorry to say but i do hope wallstreet will be taken to court for the massive fraud they committed and causing this meltdown.
I want you to think about the word slavery, it is not about slavery, its just that to many depends on this system, like pensions and insurances,
companies, factories, projects, so more people will be unable to stand on their own because there are no jobs.
This system relies on liquidity, it is the lifeblood of the economy, but because banks made a huge mess through fraudulant actions it is on the brink
Without Goldman Sach and the former Greek government manipulating their books, Greece would not be in this mess.
Partly it is also a fault of the EU, because some countries were not following the rules, so their debt and deficit was higher then it should have
been, specialy in Italy.
Is it worth saving? yes, can it be saved? no, the injections through QE helps banks but not the working class so with a decline in income and rise in
prices, it destroys the real economy in which you, me, he and she lives, through the shifting of wealth.
We actually are free to bash a bank, we are even free to take down a bank, we did.
Unlike the UK and the US were it is forbidden and much is censored like they do with Ron Paul, we have many people investigating and reporting
misconceptions and action is taken against it.
So i really do not think slavery is involved here, just plain fraud and greed.
The only way to grow is through jobs and manufacturing, actually produce stuff and sell it.
So companies and factories are the answer to this crisis, not the printer.
I myself stay as far away from banks as i possibly can because they are only looting people with their products based on investments.
A loan i would take if really needed, but against normal interest, i would certainly not take a creditcard like you people have and pay 20 percent
interest a month on it, thats theft.
edit on 19-8-2011 by earthling42 because: (no reason given)