Edit: Yep sometimes I get very blunt, anyway I guess this sketch by George Carlin demolishes the American Dream better:
Not the george carlin video you posted, but whatever that was it pretty much shows why people are idiots when they complain about that shit.
If you don't want to get raped by interest/debt ..
THEN DON'T TAKE A FUCKING LOAN TO BUY A SECOND CAR OR SOME OTHER BULLSHIT YOU DON'T NEED. The bank is making money indeed. Not their fault these idiots don't have self control.
Edit: Yep sometimes I get very blunt, anyway I guess this sketch by George Carlin demolishes the American Dream better:
Not the george carlin video you posted, but whatever that was it pretty much shows why people are idiots when they complain about that shit.
If you don't want to get raped by interest/debt ..
THEN DON'T TAKE A FUCKING LOAN TO BUY A SECOND CAR OR SOME OTHER BULLSHIT YOU DON'T NEED. The bank is making money indeed. Not their fault these idiots don't have self control.
Nope, that some people don't have self-control should be pretty obvious. But American banks issued mortgages to millions of people who in the long run could not pay for it. Who exactly is to blame is another story. Then they let global investors buy up those debts on Walls Street and at some point the bubble exploded leading to the economic crisis we are still in.
Funny in the US you can go to jail for possession of a gram of marijuana but you get away being partially responsible for blowing up the world's economy.
If you don't want to get raped by interest/debt ..
THEN DON'T TAKE A FUCKING LOAN TO BUY A SECOND CAR OR SOME OTHER BULLSHIT YOU DON'T NEED. The bank is making money indeed. Not their fault these idiots don't have self control.
Quote:
household debt in Canada has since ballooned to a record levels - even higher than that of United States - as consumers piled up mortgages and credit card debt.
Edit: Yep sometimes I get very blunt, anyway I guess this sketch by George Carlin demolishes the American Dream better:
Not the george carlin video you posted, but whatever that was it pretty much shows why people are idiots when they complain about that shit.
If you don't want to get raped by interest/debt ..
THEN DON'T TAKE A FUCKING LOAN TO BUY A SECOND CAR OR SOME OTHER BULLSHIT YOU DON'T NEED. The bank is making money indeed. Not their fault these idiots don't have self control.
That isn't the problem, the real problem is how they are diluting the currency at an exponential rate, and by association requiring the entire system to produce more for less money, this is the fundamental problem.
Even if you never took a loan in your life, you are still going to be affected by what the federal reserve is doing...
He who sacrifices freedom for security deserves neither
- Benjamin Franklin - 1759
That isn't the problem, the real problem is how they are diluting the currency at an exponential rate, and by association requiring the entire system to produce more for less money, this is the fundamental problem.
Even if you never took a loan in your life, you are still going to be affected by what the federal reserve is doing...
A low dollar is actually in the best interest of the USA atm. In the long run, I dunno what will be the result of all their new printed dollars.
That isn't the problem, the real problem is how they are diluting the currency at an exponential rate, and by association requiring the entire system to produce more for less money, this is the fundamental problem.
Even if you never took a loan in your life, you are still going to be affected by what the federal reserve is doing...
A low dollar is actually in the best interest of the USA atm. In the long run, I dunno what will be the result of all their new printed dollars.
I'm not talking about a low dollar when compared to the Euro for example, what I'm referring is the fact that due to it's inflationary nature, (because the federal reserve prints money without actual resources to back it up), the population is continuously subjected to a rise on prices while they are receiving a net income that it's actually worth less.
Your average income might rise $200 in 10 years, but your basic living expenses will rise $400, this is what has happened continuously for the best part of the last century and now every mathematical projection shows that this discrepancy will continue to rise at an exponential rate until infinity.
Obviously either everyone will silently starve by then or the system will collapse and fiat currency will have to become obsolete.
He who sacrifices freedom for security deserves neither
- Benjamin Franklin - 1759
Well it is not like the FED has been printing continuously. They have printed a certain amount of extra money a couple of times. Still a shame though because of that they made others' investments in the USA even less worth. But who cares, those are foreigners and no Americans. We Americans are entitled to get the best of the best even if we need foul play.
Edit: Yep sometimes I get very blunt, anyway I guess this sketch by George Carlin demolishes the American Dream better:
Not the george carlin video you posted, but whatever that was it pretty much shows why people are idiots when they complain about that shit.
If you don't want to get raped by interest/debt ..
THEN DON'T TAKE A FUCKING LOAN TO BUY A SECOND CAR OR SOME OTHER BULLSHIT YOU DON'T NEED. The bank is making money indeed. Not their fault these idiots don't have self control.
That isn't the problem, the real problem is how they are diluting the currency at an exponential rate, and by association requiring the entire system to produce more for less money, this is the fundamental problem.
Even if you never took a loan in your life, you are still going to be affected by what the federal reserve is doing...
It isn't really the banks problem that inflation is a problem either. That is the feds problem, and I agree that it is a problem.
I'm just pointing out that people that complain about banks 'being evil' and 'taking shit' are the same ones taking out loans when they shouldn't be. Again, the banks are simply providing the loans. I suppose you could say they are like crack dealers offering crack... But IMO, it ain't a crack dealers fault that fucking retarded people ruin their lives on crack. The same goes for the banks. It ain't the banks fault that people get into more debt then they can handle. So people should be happy that a system of loans/debt even exsists at all. Otherwise we would all be driving Ford Pintos all because a bunch of jackass people that can't manage their money ruined it for the rest of us.
Well, the whole current monetary system is debt based. So you can't really expect anything else from a system that encourages loans. The simple way of showing this is something along the lines of the following. Imagine that we burn all the money and start it from scratch using the current system. We would start by a Central Bank (Federal Reserve System in case of the US) loaning money (let's say 100 dollars) to the private banks at a ceratin interest rate - say 2 percent.
Now how would the private banks be able to ever return the loan if there are only 100 dollars TOTAL in the monetary system? Yep - the only way is to loan more money.
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