The stock market crashed, burning money like there was no tomorrow, with no single nation having any chance whatsoever of stopping it, barr shutting it down. We then heard of as much as a trillion dollars lost in one day and I’m not assuming that will happen again, but how can anyone possibly tell me feeding the top of the tree will help anyway?
The banks threw thousands at individuals who could never pay it back and now the American and British governments want to do exactly the same as the banks; throw money at a lost cause. What nature does business take on when banks fail and are then kept alive by government’s actions (although I’ve always believed they were in on it anyway and some should even be up on criminal charges)?
Why not close them down under full investigation whilst new, fresh, monitored banks take over the day to day running so nothing gets missed. Surely, we are far more capable in our own natural right than what these people are making us out to be. I’ll lay odds they will not be bailing out any medium or smaller sized businesses so it’s the usual: “We caused it, let the poor bail us out.”
The only thing I would say, Dr Paul, is the difference between the 1920s crash and today, is the divide between the rich and poor. No one can tell me prior to the Wall Street crash, the local pauper could pop in the bank and borrow ten grand. How about this; work it for yourself; a one off payment to the good citizens of America for their patience in a time of incompetence by the government and business world. How much does each get if you divided $785,000,000,000 up between 300,000,000 or so people?
I’ve never heard of something so ridulous as these stimulus bills!!!!
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The stock market crashed, burning money like there was no tomorrow, with no single nation having any chance whatsoever of stopping it, barr shutting it down. We then heard of as much as a trillion dollars lost in one day and I’m not assuming that will happen again, but how can anyone possibly tell me feeding the top of the tree will help anyway?
The banks threw thousands at individuals who could never pay it back and now the American and British governments want to do exactly the same as the banks; throw money at a lost cause. What nature does business take on when banks fail and are then kept alive by government’s actions (although I’ve always believed they were in on it anyway and some should even be up on criminal charges)?
Why not close them down under full investigation whilst new, fresh, monitored banks take over the day to day running so nothing gets missed. Surely, we are far more capable in our own natural right than what these people are making us out to be. I’ll lay odds they will not be bailing out any medium or smaller sized businesses so it’s the usual: “We caused it, let the poor bail us out.”
The only thing I would say, Dr Paul, is the difference between the 1920s crash and today, is the divide between the rich and poor. No one can tell me prior to the Wall Street crash, the local pauper could pop in the bank and borrow ten grand. How about this; work it for yourself; a one off payment to the good citizens of America for their patience in a time of incompetence by the government and business world. How much does each get if you divided $785,000,000,000 up between 300,000,000 or so people?
I’ve never heard of something so ridulous as these stimulus bills!!!!
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