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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (108804)	6/20/2010 12:28:39 PM
From: FreedomForAll	1 Recommendation Read Replies (2) \| Respond to of 110194

What's wrong with lending at a "fair" rate of interest, is simply that the money doesn't exist to pay back the loan and the interest. It is one thing that ancient religions got right. It is inequitable to give the bankers the right to profit by creating money from nothing. Then the system can be manipulated to force honest (less sophisticated) people into default, with bankers taking control of property at pennies on the dollar. It is even worse then to bail out the banksters after they purposely bought off the government to remove controls on banking and then purposely took insane risks while using their money creation monopoly to finance the risk. Many competing currencies would be a better solution, assuming a satisfactory reporting, monitoring system was put in place. The internet could support that easily with honest accounting firms competing for that business. A similar approach to equity financing using independent reporting, monitoring on the internet could also succeed in breaking the wall street near monopoly on equity financing. Small companies with good ideas should be able to raise money over the net without giving up control of their companies to vampire squids. But the representatives of the people are owned by the banksters. In my opinion, there will be no peaceful solution.