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To: saveslivesbyday who wrote (233627)12/18/2009 12:34:59 AM
From: Skeeter BugRespond to of 306849
 
until we get money that is not backed by debt, we will *always* have problems. that is a ponzi scheme - more money (debt) is required to pay back the interest on previous debt. more debt means more interest means more debt... up until the whole system explodes.

our debt backed monetary system is a fundamental ponzi scheme.

until we fix that, we will always have problems.



To: saveslivesbyday who wrote (233627)12/18/2009 11:05:35 AM
From: John VosillaRead Replies (1) | Respond to of 306849
 
But if they went after Gov't Sachs and friends immediately then our banking system would have frozen, there would have been a run on banks and we would be well into great depression 2 rather than limping along in an anemic recovery from the great recession of our lifetimes. Remember it too them a while to go after the fraudsters at Worldcon and Enron too. This one is so much bigger and much more complicated.


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