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Nationalization + The Amero... shit could get gnarly over the next couple years... I'm stocking my matress up.
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Sweden went this route in the 90s I believe. Temporarily nationalized their banks during a crisis and once things settled down made them public companies again. Germany is looking at doing it too. It will happen in the UK. Ireland has already started. Lots of countries will be doing this. Things are really fucked up.The best ePassporte replacement I have found: OKPAYComment
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Crazy yo...Comment
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We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.
• WE Establish Justice
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WE are allowing this to happen by NOT stepping up and changing it. This government has been rogue for a long time now. WE THE PEOPLE are the power. Deny all governments that violate our RIGHTS and our Constitution. Install new justice and welfare. It is our DUTY to do so. We MUST defend our rights, or they will be lost.
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Private banking not a sustainable financial model anyway
Private banking is not a sustainable financial model. That is not to say they should be nationalized either. There is a third option.
In a private bank you have depositors, shareholders, over-paid executives, and taxes. I never quite understood how one dollar deposit could support paying both interest on my account and feed all those other blood-sucking leeches.
The answer of course is that one dollar deposit could not - that is what got us into this mess. The Fed lowered reserve requirements on the back end to make it look feasible. But today $1.00 deposit in a private bank is worth less than 10 cents (reserve requirement is less than 10%).
If not private banks or nationalization then what? The credit union model. The shareholders in a credit union are the depositors and the credit union itself does not pay taxes because the depositors pay taxes on the interest they earn on their own deposits. The executives at these institutions make a good living, but are not filthy rich like dick-heads at the major public banks.
Let banks fail, support your local credit union.Comment
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When Chavez and Evo Morales started the nationalization of companies they became devils for the US and European governments. Now with a crisis on their backs is not so easy to say that nationalization is the enemy of the democracy and the free market…
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other countries will do the same soonComment
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It's a retarded solution anyway.
They passed laws that allowed the collapse to happen, they saw it coming years ago and did nothing, they saw it coming in the very near future and still did nothing and when it happened, they proposed not one, but two bail outs that have done nothing but put the nation further into debt.
And they want to do MORE?!?!
If the government was just an accountant at some agency, he'd have been fired by now, not given more responsibility.Comment
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http://www.gofuckyourself.com/showthread.php?t=888638
Germany could do that with one bank soon alsoComment
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what is this world coming toComment
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Stupid. Banks were pulling record profits just in 2007. If they would just stay away from risky investments and not be so damn greedy none of this would be an issue.you don't know you're wearing a leash if you sit by the peg all day..Comment
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That's not the half of it... wait for the hyperinflation to kick in. Everytime the govt tries to "manage" an economic bust, it creates a larger explosion later..Comment
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Oh, well then, what happens to credit cards? Those are underwritten by banks.. will the government then control, own and operate these as well?
What's next? The government will dictate to you how much you're allowed to take out of your account and also monitor every deposit and want to know its source.. Will they freeze your funds at will whenever they feel like it.. perhaps create yet another tax and take it directly from your bank account...
Oh, maybe it'll just become a cashless society someday, where the government can control every single penny!!Comment
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nationalization is a horrible idea, many of these heavily damaged banks need to fail.
one need only look at how the gov mishandled wamu to see the potential disaster in nationalizing the banks without protecting bondholdersComment
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Well, if you buy into the conspiracy theory stuff, then yea.
World Bankers make the rules. They want your money. You will see many European countries nationalizing their banks as well too as this crisis gets worse, and it's gonna get a lot worse. Once the governments control your money, they actually can control what you spend, deposit, withdraw, save and track every penny of it. A cashless society will happy sooner or later, that just makes sense.Comment
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Maybe if the government ran it, maybe you wouldnt have a cc that starts at 8 percent and then shoots up to 30 percent. Or it would be easier to finance your house. Bankers dont have to worry about being reelected.Comment
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