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To: arun gera who wrote (258542)	7/5/2010 3:43:29 PM
From: Skeeter Bug	Respond to of 306849

>>Were you protesting when US banks were similarly rescued in 1991 from their losses lending to latin american countries? The latin americans paid a heavy price trying to pay back those loans despite some debt forgiveness. Meanwhile the stock prices of banking sector in US grew at 15-20 percent a year for more than a decade. Again in this round of rescue, it may be the countries outside the US that may collapse first, because they have to earn their dollars by actually selling goods and services, while US can just print those dollars out of thin air.<< that was a completely non responsive answer to the issue quoted. there is no reason society should pay private bankers and annual tax just so the nation can have a medium of exchange. there still is no reason why society has to pay private bankers a tax to have a medium of exchange. we would be a lot better off today of the US banks had been taken out then and sovereign money instituted than we are now. wall street banks are financial terrorists that are working to take down nation states that bailed them out - and quickly. as for your other issues - if i had been paying attention, i would have supported the banks eating their own losses and known it to be grossly unfair for the people to have to eat the losses of the banking class. ABSOLUTELY!