"If the American people knew tonight, exactly how the monetary and banking system worked, there would be a revolution before tomorrow morning."
-Abraham Lincoln
Well that's great. But how does it ever change? My Mum tells me stories about how in her day you had to join a waiting list to get a mortgage because there wasn't money created in the way the banks do now. She had to wait 4 years to get a mortgage she said.
I can see the point the protestors are making, but what are their proposed solutions to this?
Post subject: Re: The Growing Gap Between Rich And Poor
Posted: Tue Dec 06, 2011 10:24 pm
Dally
International Chairman
Joined: Dec 22 2001 Posts: 14845
Why do people think they should borrow so much money? I was brought up with the idea that debt is a bad thing. The problem with debt is it needs to be repaid at some time.
Post subject: Re: The Growing Gap Between Rich And Poor
Posted: Tue Dec 06, 2011 10:29 pm
Damo-Leeds
Player Coach
Joined: Jul 22 2007 Posts: 11757 Location: Leeds
Mintball wrote:When in fact they, and big business, just nick it from everyone of the rest of us.
Big Business and the banks are just bailiffs on a bigger scale. There’s a lot of everyday people that can’t pay off their debts to these banks and big Business. So ‘nicking’ money as you put it is the only way these institutions can get back what they’re owed. That's my understanding of it all anyhow..
Post subject: Re: The Growing Gap Between Rich And Poor
Posted: Tue Dec 06, 2011 10:32 pm
Dally
International Chairman
Joined: Dec 22 2001 Posts: 14845
Mintball wrote:When in fact they, and big business, just nick it from everyone of the rest of us.
Come on, grow up! Big businesses 'nick' money off you because you patronise them. If you don't like them take your customer elsewhere and they will become smaller businesses. The people who do nick money are the public sector pension grabbers.
Post subject: Re: The Growing Gap Between Rich And Poor
Posted: Tue Dec 06, 2011 10:46 pm
Enicomb
Player Coach
Joined: Aug 15 2006 Posts: 2471
Damo-Leeds wrote:Big Business and the banks are just bailiffs on a bigger scale. There’s a lot of everyday people that can’t pay off their debts to these banks and big Business. So ‘nicking’ money as you put it is the only way these institutions can get back what they’re owed. That's my understanding of it all anyhow..
I think there's a very simple answer to that, don't borrow money you can't afford and live within your means.
Post subject: Re: The Growing Gap Between Rich And Poor
Posted: Tue Dec 06, 2011 10:49 pm
Mintball
All Time Great
Joined: May 10 2002 Posts: 47951 Location: Die Metropole
Dally wrote:Come on, grow up! Big businesses 'nick' money off you because you patronise them. If you don't like them take your customer elsewhere and they will become smaller businesses. The people who do nick money are the public sector pension grabbers.
Well indeed.
Banks like HSBO didn't use the money from ordinary people to gamble with, did they?
"You are working for Satan." Kirkstaller
"Dare to know!" Immanuel Kant
"Do not take life too seriously. You will never get out of it alive" Elbert Hubbard
"We are all in the gutter, but some of us are looking at the stars." Oscar Wilde
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