The love of money is the root for all evil. Wearn to share for the good of all our relations? Economists with their monied numbers theories for far too long have been allowed to screw up things and have caused untold millions to suffer in the process of backing up flawed economic models with money printed out of thin air, which in reality is nothing but an international ponzi/pyramid scheme run amok and destined to fail.

Why not simply abolish debt and allow the global economy to soar?

The solution then is to fix OUR economic system that is destroying US for ‘its’ gain! Why not redesign the economy to benefit ALL of us instead of the few that have designed the machine AND control OUR money supply in order to keep us enslaved? Prosperity, opportunity, freedom and growth can be had for all through simple economic reformation.

Forgive debt for all in-common goods and services.
Retain debt for all un-common goods and services.

These two simple reforms will go a long way to fixing things with little to no downside. Simply and humbly put, a win-win situation for all. Griping about the state of things without a solution only contributes to the festering problems.

All problems are economic in origin and in fact are caused/created for economic reasons. I say time to end this idiocy and work together to solve our problems.

It was a scheme to centralize money ownership into one place, that holds debt paper on a vast numbers of people, making seizures and bankruptcies a very real thing for the rest of their lives… and to be forced into slavery trying to pay the bills, as the immigrants undercut the labor market… Says Jew to me… Resembles the chicanery of Joseph , he of the Technicolor coat whose schemes enslaved the Jews…

Why not both? Or, heh, maybe a golden gun? ;-)

i’ve been advising folks to buy silver for
some time now.

having larger bulk, it is impacticable
for a criminal government to try to
seize all of the silver.

burying a weapon or three isn’t a bad idea either.

putting aside food, in a quiet place goes
without saying.

there is a Sh*t coming this way quickly.

Most of the people can’t see it just
out at the horizon.

People wondered for decades, “how
did the Nazis come to power”.

We are getting a “free” education as
to exactly how that tragic event did
occur.

May God Help Us All.

Given these simple provable assertions it should be obvious that to solve our problems we should take back control of OUR money supply and economic structure in order to re-design ‘it’ to work for OUR benefit.

Three simple steps.
Forgive debt for all in-common goods and services.
Retain debt for all un-common goods and services.
Pay ourselves a yearly stipend based on the cost of in-common goods and services.

The benefits are profound, the downsides few if any.

Free the slaves-us-and enjoy unlimited prosperity.

http://www.planetization.org/soulutions.htm

And yes, it is the media’s fault, Tadpole. They are corporate-owned and benefit from the lies they helped cover up. And now it is too late.

What’s missing? Ethics. Morals. Integrity.

Poetic justice is giving some damn fool enough rope to hang themselves.

I remember the Savings and Loan debecale and the Subprime Meltdown is shaping up the very same way. Only this time, the largest banks in the world are going to get the shaft.

It’s really kinda funny. The big money has been shafting the average person for years (decades)and now the tables are turned. All because they had to steal every last coin in the little guys pocket only to find out who was really paying the bills. :-)

I disagree. If this statement were true, then Housing prices would have never skyrocketed. All that was facilitated by ‘easy’ credit policies of the FED.

As to the rest of your argument, what you don’t understand is that all you see before you is well planned and thought out years, if not decades in advance. The US economy must be destroyed in order to usher in the monetary policies of the globalist agenda. The US dollar, like the constitution, stand in the way of this agenda.

The changes have occur gradually so that “joe six pack” doesn’t know what hit him. You’re echoing a lot of “six pack” rhetoric there.

I feel that the bailout plan was designed to further erode the dollar and the markets. This was beginning to be understood by the market Friday and the stampede soon began. In the coming weeks, we’ll see instability compounded exponentially.

Additionally, you have a lot of your arguments plain wrong. You admit that the bad sub primes are but a fraction of the entire sub prime equation. This is VERY true! However, the problem doesn’t lie in the sub prime delinquencies as much as it does in the “repackaged” CDO’s that were falsely rated and THEN sold as solid investment instrument. The speculation that ensued is what is causing the run on liquidity and not the late paying little guys that got hurt by these deceptive loan products.

The sub prime market is simply the fall guy to the larger CDO debacle. The media and Wall St. keep trying to blame the wrong parties and do so to cover up the fact that the ponzi scheme that created this mess has now collapsed. You keep hearing key words like “delinquencies” and “foreclosure” yet it’s the fact that banks really have no money to cover all the over leveraged CDO market whose investors now are dumping these back to where they originated; that is the heart of the problem. It is a systematic breakdown that is being covered up by blaming the wrong people.

Know your enemy!

In addition – this may be a good place to make people aware that when the MSM keeps stoking the fires of fear by saying the US owes (20-30 percent) of the total debt to foreigners – they are NOT mentioning to whom the 70 percent of the debt is owed to!!!! Once again – the obvious is hidden by distracting the focus of attention AWAY from the scene of the crime. That debt is being held by private banks – and if the US defaulted on these debt obligations (as Russia was FORCED to do) – these banks would be wiped out and western financial hegemony would change the world.

The leverage issue is quite important and its calamitous scope can be seen here: http://www.federalreserve.gov/monetarypolicy/reservereq.htm- which essentially states that banks can loan out up to 10 million dollars with NO reserves and up to 50 million dollars with only 3 percent as reserves (in other words 1.5 million dollars ). Note- that LOANS are booked as ASSETS -so a bank with assets of 300 billion – may only have 30 billion in reserve which are booked as LIABILITIES. Therefore – it is a fantastic incentive for bamks to loan out as MUCH money as possible because onthe balance sheets – they ‘appear’ as assets- which of course helps them sucker in tons of people at the stock market and gain tremendous amounts of market capitalization. This explains why the bailout for Long Term was ‘only’ 3 billion dollars (liquidity injection) which allowed the largest banks:
$300 million: Bankers Trust, Barclays, Chase, Deutsche Bank, UBS, Salomon Brothers,Smith Barney, J.P.Morgan, Goldman Sachs, Merrill Lynch, Credit Suisse First Boston, Morgan Stanley
$125 million: Société Générale
$100 million: Crédit Agricole, Paribas
Lehman Brothers and Bear Stearns declined to participate.
To be able to make a tidy profit DESPITE a complete reversal of fortune in the ‘model’. Notice – these are the SAME banks involved in the Sub-Prime mess!!

Michael H’s solution would HAVE to be coupled with increasing the amount of reserves that banks held to decrease the incentive to lend out as much money as possible – therefore – if all loans upto 500,000 required 10 percent reserves and 25 percent for 50 million and 35 percent for loans over 100 million. The market for loans would drastically plummet – and banks would HAVE to ensure that their existing loans do pay off – and so they will be left with two potions – leave the market – and have Fannie Mae/FHA be the bourse forhome ownership in America or adjust to increased reserve requirements – which would have a tremendous effect on not only home loans but the billions in Corporate fraud (Worldcom, Tyco, Enron, ad nauseum), derivatives, and SIV.

Also – in terms of better systems:
Both Lincoln’s greenbacks, and Hitler’s labor certificates showed that it IS possible to have a economy run with out inflation and financial chicanery when a gvernment acts as the sole guarantor and printer of money. There are probably other examples as well – such as counting sticks being used in medieval England, and India’s silver based economy pre-East India Company dominance.

Deadbeat is absolutely correct regarding the SS trust fund and its pillage by many administration – in short – he is right – we are being robbed. An interesting point of FACT is the United States is 38th in life expectancy!! Remember life expectancy is a FAKE number – see here for more clarity:
Which shows that people do die and ALL of their social security is forfeited- and the system was set-up in 1960 with the expectation that a MAJORITY of people would die with a few years after eligibility- hence it is a significant hidden tax and not an entitlement as it is trumpeted to be.