Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: tracor who wrote (76085)	7/24/2012 6:21:31 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 103300

What an arrogant jackass!!! LOL!!! Don't tell me he's still in office... This video is better and has the same effect... LOL!!! GZ

To: tracor who wrote (76085)	7/24/2012 9:19:11 PM
From: Wayners	Respond to of 103300

I think the Congressman was really trying to explain the ponzi scheme of credit creation. When $1T of money is created by banks as loans and goes into circulation at say 5% interest for the first year, borrowers owe $50B in interest plus the original $1T. Let's say nobody borrows any more money and creates more debt and the $1T all has to be repaid at the end of the year. There is only $1T of money available to pay back the banks with. There is no way to pay the $50B unless more loans are created to create that money. Our banking system was setup on purpose like this as a way to create exponential debt in order to keep the scheme running until finally nobody can take on any more debt, then the whole system, by design, collapses. While the scheme is in Progress all interest monies after expenses are paid out to the bank owners who buy real assets with the phony money. When the system finally collapses, the bankers are sitting on the real wealth of the world, have Governments and people owing them more than the entire worth of the World, and if people don't pay, hey the bankers lost their interest income stream to buy real assets and they lost the labor used to create all the computer entries of loans creating money out of thin air. Big deal. The Congressman is saying the financial system of the United States will collapse unless we borrow more and more money to keep the ponzi scheme running.