Quote:
Originally Posted by wig
It would have been more than just tough at first. What your talking about experiencing is the great depression (same basic economics at play) but times 10. I think that is the difference that I'm driving at.
And the idea that the future wouldn't have corps pulling the strings after a collapse doesn't seem obvious to me either.
I still have not heard a reasonable explanation for why collapse would have been better.
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no, i disagree.. we have been trying to use economic principles used during the depression and they dont work..
you are talking opinion here and not based on anything other than what economists and other so called experts are telling you..
we have no idea what would have happened if we let the banks fail..
i believe that backed into a corner, the banks would have figured out how to survive without the bailout..
it is my opinion that this entire scenario was deliberate..
go watch a few of the better documentaries out there and you might change your mind..
and i am not talking about tinfoil shit, i am talking about what led to this in the first place and how the banks knew exactly how this would play out..
i would have rather faced the consequences of a global collapse than do what the govt did..
and btw, letting the banks have money at 0% has not freed up the credit markets one bit...
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