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Originally posted by jimmiec
This will happen in America. It is just a matter of time. Socialism is great until you run out of other peoples money.
Originally posted by MrSpad
Originally posted by jimmiec
This will happen in America. It is just a matter of time. Socialism is great until you run out of other peoples money.
Except all this is the result of full on capitalism. Banks taking risks with your money to make more money has nothing to do with Socialism. I swear nobody even seems to know what the words means anymore.
Just 1 problem with your theory: what happens if they decide, money, as we know it, is no longer usable; obsolete; then what? People need to look at money from a different perspective. Money is meant to be spent/invested, not saved! I wouldn't want to have thousands of dollars in paper. Toilet paper is much more profitable.
Originally posted by Mamatus
I will be pulling 9k a day out of my JP Morgan accounts all week. I will be damned if they will get my money. they may make it worthless but at least I will be holding it and not them.
Originally posted by SeekerofTruth101
Consider carefully of what a society is, before one runs off with one's money out of the banks.
1. Bankers, no doubt, are and had been the greatest fraudsters of all time. They gave the illusion that they are rock solid, and will always be able to return despositors their funds anytime.
But the truth as proven by the financial crisis, they could not, and the taxpayers had to bear the brunt. Bankers privatised profits but socialised debts.
This was due to failure in regulatory measures by the govt to check and ensure that bank do what they are supposed to do - accept deposits and give out interests, and capital when asked for it. Govts did not have the guts to confront banksters when they shout out that govts should stay the hell out of biz and leave them alone in the name of capitalism.
The banks grew greedy and indulge all wild manner of trades and derivatives, and suffered. In order not to hurt the innocent depositors, govts ( People) around the world undertook the pain to give guarantees, by using its tax revenues to ensure all will get their funds back, WHILE at the same time, push for much needed reforms and sustainability for banks, an essential trade commodity for civilisation to progress, to continue to operate.
Unfortunately, some banks refused and thus today's bank failures yet again, and had hurt the many other banks whom had been responsible and yet will be drawn to the ire, and worse, consumers taking out their monies and getting robbed or stolen when they placed it home.
2. In times of national emergency, the individual will have to sacrifice that individuality for the sake of the whole, or none will survive. It is only in unity whereby strength can derive from.
Alone, our funds are small, but when combine, it will be substantial, to help out others whom need the funds more desperately than others.
But when we think solely for ourselves, such monies will only sit at home gathering dust, while many others whom needs it starves or dies.
Cyprus, New Zealand and others had failed to reform their banks with better practices, and had caused national economic emergencies. If nothing is done and let the banks fail, many will suffer, needlessly.
Instead of putting up guarantees by govt in the past, the govts now uses tax as a method to stablized economy, for far too many of humankind had only proven selfish, by cheating the system of depositing smaller deposits spread out in many banks to get the guarantees, and outright withdrawals and keeping it at home to gather dusk, ensuring no money circulates and thus the collapse of the economy.
Think carefully - did govts ( The People) robbed the nation through such one time tax, or had only govts ( The People) tried to stabalized the circulation of money during an emergency so that society may pull through this difficult period and survive together as one?
IT is still one's choice to choose - to live in jungles free as a bird along with its survival rate, or live in a civilised shared community with its responsibilities to survive far more longer.
edit on 19-3-2013 by SeekerofTruth101 because: (no reason given)
Originally posted by SamaraTen
Could someone help bailout my business, with free money? Why not? Isn't that what they do to us??? Hey, don't blame me because i don't know how to manage my business properly.
reply to post by SeekerofTruth101
Instead of putting up guarantees by govt in the past, the govts now uses tax as a method to stablized economy, for far too many of humankind had only proven selfish, by cheating the system of depositing smaller deposits spread out in many banks to get the guarantees, and outright withdrawals and keeping it at home to gather dusk, ensuring no money circulates and thus the collapse of the econony.
Think carefully - did govts ( The People) robbed the nation through such one time tax, or had only govts ( The People) tried to stabalized the circulation of money during an emergency so that society may pull through this difficult period and survive together as one?
Originally posted by zatara
reply to post by Starwise
Doesn't matter if there will be a bank run or not...Having your money at home or in the bank, it will be worth close to zero. Thinking about being smart to change your money into an other currency......will not help, that other currency will also collaps. It is all tied together...I mean,..."they" tied it all up together...over educated greedy idiots.
Originally posted by Mamatus
I will be pulling 9k a day out of my JP Morgan accounts all week. I will be damned if they will get my money. they may make it worthless but at least I will be holding it and not them.
I think they should go for here in the USA though. We need an excuse to go ahead and drag bankers into the street and do to them what they truly deserve.edit on 19-3-2013 by Mamatus because: (no reason given)