Finnister that would definitely be another long thread for those who crashed our economy, Maybe the same ones who figured out the Arizona law

I think all parties involved had plenty to do with the economic issues. To shove it to one side or the other is naive.

The cause is simple. And lies in the fundamental system we use = banking institutions

As one good president said:

"I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs."

--Thomas Jefferson

Getting rid of the banks would be THE solution to all our economic problems today.


The introduction of the monetary system made it 10 times worse, as it creates a system based on debt/inflation. Money is created all the time out of thin air, with nothing to back it up, be it gold/resources or energy or anything of intrinsic value. Before 1930, a USD was redeemable in gold, now it's nothing more than legal tender.

You guys can talk about the immigration law all you want, but until you see the big picture and the root cause for the general economic situation, talking about a band aid solution is not the answer.

Beer
 

I to wish we could all go to a local bar and down a few beers in open discussion about this subject. I am afraid that some would not be able to hold their emotions in check though ZPB. I feel that most of this discusion was pretty balanced and that most of us agree that there are problems in teh USA that need some fixing. There are also many ways to overcome them, but violence is not the answer either. Getting all wound up and throwing insults just because you do not agree with someone is just childish and imature. By the way I like R/C vehicles too. Nothing wrong with a little intense discusion from time to time though.

A good book about the monetary system and federal reserve is "Creature from Jekyll Island". Very informative and eye opener documentary is "Money Masters".

Please don't get started into banks... I work for one... Honestly it wasn't the banks fault...

Its like saying its Patrick's fault that my revo diffs kept failed...

Well you better get used to it, it's the truth. Just because you work for a bank makes you an expert?

Don't tell me not to get into banks, that is like saying don't talk about the food that a person who is ill eats.

I agree with this 100% but it's a long way round to relate it to the thread title. This video is a little old and off topic but helped me understand the history of money. http://video.google.com/videoplay?do...6453790090544#

Can I ask a few simple questions.

- How many of you have a credit card?

- How many of you bought your house for cash?

- How many of you financed a car or any other kind of large purchase?

- How many of you have a pension / 401K invested in shares?



Bank - Definition

An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks.

And one can answer those questions with the one:
-debt
-debt
-debt
-debt

What does a dictionary definition have to do with reality?

Actually shares are considered equity vs debt - My point being without banks you have very limited debt or equity markets... and you don't get your car or your house...

Everyone likes to yell at the banks but at the end of the day a human being signed the mortgage papers and bought the house... People should just take personal responsibility for their actions...

Its that definition that caused the melt down... Lending to people who decided they wouldn't pay back what they owed...

The issue in Europe are not caused by the banks it is causes by goverments (much like the US) who have spent much more than they have gathered...

Same old story...

I interpret that as - We should have a world bank for the gov't's and everthing will be OK.

Or would that be iresponsible lending?

I think lending to a government at the moment is almost the definition of irresponsible lending...

Want to know something funny - The Federal Reserve demands that the Banks hold excess cash in T-Bills which they consider to be "liquid assets".

So your savings are supporting the us government debt... Much less than the Chinese though :)

I was being a little sarcastic. I'm sure what T-bills are exactly but I'm not surprised the Fed Res wants a little security.

T-Bills = Treasury Bills - i.e. US Government Debt i.e. all of the cash for anything programmes such as buying a Japanese cash or washing machine etc