Comments on: A Very Scary Christmas And An Incredibly Frightening New Year

By: bert

bert — Thu, 12 Jan 2012 20:36:58 +0000

coming?? it’s here and has been for a couple of years.

By: David G.

David G. — Mon, 02 Jan 2012 17:52:40 +0000

To be clear, fractional reserve banking DOES NOT CREATE MONEY out of thin air. They create it out of debt. You borrow a million dollars from a bank on Friday for a business venture. On Monday you open an account at that bank (or any other, since they settle between banks every night) for 1 million dollars on which you plan to draw. Now that bank has a million dollar loan “asset” plus a deposit of 1 million dollars which is also an asset and they are now authorized to LOAN 90 percent of that deposit. So borrower #2 comes in on the next Friday and borrows 90 percent of that 1 million dollars. The bank now has three assets (the million dollar loan, the million dollar deposit, and the 900,000 loan). Now borrower #2 comes in on Monday and deposits his $900,000 in the bank and the banks has four assets–all of it steaming from the initial loan of 1 million dollars. That revolving door keeps going round and round and until the 1 million dollar initial loan is shaved off ten percent each time a new loan is made until its been loaned out and deposited about ten time. Money is created out of DEBT, not out of thin air. And if everyone would just stop opening accounts in the banks and hoard their money under their mattress you could get rid of a lot of bankers.

By: gary2

gary2 — Thu, 29 Dec 2011 23:31:10 +0000

I would be willing to risk it as I do not really believe they will move anything. Where are they going to move it too? Eurpoe? The government can go after them regardless. They called out many scum bag rich who have money in Swiss accounts to cheat on their taxes.

By: gary2

gary2 — Thu, 29 Dec 2011 23:28:38 +0000

suppose that his life is taken before his money is taken? I do not get the point of your question?

By: tonybinca

tonybinca — Thu, 29 Dec 2011 21:12:01 +0000

It is going to be the rich guys whose lives are taken, en mass.

By: tonybinca

tonybinca — Thu, 29 Dec 2011 21:11:21 +0000

Fractional reserve banking is the culprit, perpetrated by the same greedy bankers for centuries. It is not all our fault(s). It is those who create money out of thin air and the governments that collude with them who saddle the world with debt. End of discussion.

By: Bob

Bob — Thu, 29 Dec 2011 17:41:01 +0000

All you have to do to break a ponzi/check float scheme is slow it down. I read an IMF report that stated the Frank-Dodd bill will have a $5 trillion impact on Manufacturing and Food production in the US. If the GTP of the US is $15 Trillion, what will will a $5T hit on food and what little Manufacturing we have left, do to it? We already have the OWS people set to blame Bank of America, AIG and Goldman Sachs. All you need is to slow down the Derivative market and make it implode and you have the financial collapse that everyone is afraid of. Frank and Dodd both left town and Obama will say it was done for our protection as he impliments marshall law to protect us. It might be the Ceasar moment for the United States when the republic is replaced with something else.

By: Tatiana Covington

Tatiana Covington — Thu, 29 Dec 2011 01:04:17 +0000

Suppose that when you try to take the rich guy’s money, he takes your life?

Then what?

By: gary2

gary2 — Wed, 28 Dec 2011 22:46:05 +0000

Ha Ha pain klillers were not invented when you were little. I think it was the 1800’s before morphine was discovered.

By: gary2

gary2 — Wed, 28 Dec 2011 22:44:30 +0000

no one ever said communisim. That is a ploy the dolts on the right use to scare low information voters.

Us thinking people know that the Scandavian countries and beating the USA in almost every catagory and they are way more socialist. Maybe they know something we here in the USA don’t?