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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (226001)	10/24/2009 10:01:25 AM
From: ChanceIs	Read Replies (2) \| Respond to of 306849

>>>i think i will get her book - a web of debt...<<< Interesting. Am listening right now. Sounds a bit like Chris Martenson's "Crash Course." I will listen to the whole thing. Always good to get a different view. She holds that with loans the banks create principle but not the interest. Ergo somebody must take out an additional loan. Martenson makes the distinction that the interest has to come from future growth/labor. I take that to mean that if you are going to borrow, you damn well better put it against a purpose which will generate back the principle and interest. And a flat screen won't do either. She takes the view that J6P doesn't really understand money or central banking. Its been some time since I listened to the Crash Course. I don't know if Martenson expressed an opinion on that subject. Regardless, I certainly agree with Ellen Brown, and think that it is dangerous. It used to be the case that you had to have some knowledge base to vote, especially for foreign converts - you know - name five presidents an the year of the Louisiana purchase. Methinks that you should have to write an essay on central banking and state the federal debt within $10 billion and your share of it before entering the voting booth.