Re:Bankruptcy, not bailout, is the right answer
by cbrinker on Wednesday October 01, 2008 @06:16AM
(#320565)
Yes this is the root problem with the credit markets; bad mortgages.
However, this doesn't account for the root financial problem of our country that has plagued us since 1913; the federal reserve. These crooks sway the entire economy and have exponentially inflated our currency. The dollar is worthless today. It is worth $0.02 to the dollar of the beginning of the 20th century.
We went off the gold standard, we decided fractional reserve banking was a good thing, and we put in charge idiots and crooks to create a lesse faire market that only benefits them.
However, this doesn't account for the root financial problem of our country that has plagued us since 1913; the federal reserve. These crooks sway the entire economy and have exponentially inflated our currency. The dollar is worthless today. It is worth $0.02 to the dollar of the beginning of the 20th century.
We went off the gold standard, we decided fractional reserve banking was a good thing, and we put in charge idiots and crooks to create a lesse faire market that only benefits them.
Don't believe me?
http://en.wikipedia.org/wiki/Image:USACPI1800.svg
Usury, fraction reserve banking, and crooks.