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Response to Tansy_Gold (Reply #3)

Sat Dec 31, 2011, 11:31 AM

4. You've said it well, and flawlessly.

Debt is a way to transfer future claims for goods and services to the present. More debt now, less ability to claim goods and services in the future for those paying it back. In this case, the borrower, the government, and the payers, the taxpayers are not the same.

War profiteers, big banks, stock traders and all those whom you have named benefit.

Yes, it's a transfer scheme. That's why they try so hard to convince us that Social Security is broke, so they can just grab the surplus themselves.

If the stock market crashes, it is a garage sale for those with large cash. This is why the market is down over the last decade, but Warren Buffett and others have only gotten richer. John D. Rockefeller went into the Depression a multimillionaire and came out the first billionaire.

So yes, that's what is happening elsewhere. The cure is default, created by mass refusal of the population to go along, ala Iceland.

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Replies to this discussion thread
Arrow 22 replies Author Time Post
phantom power Dec 2011 OP
Tansy_Gold Dec 2011 #1
mbperrin Dec 2011 #2
Tansy_Gold Dec 2011 #3
LineLineLineLineReply You've said it well, and flawlessly.
mbperrin Dec 2011 #4
Sam1 Jan 2012 #6
mbperrin Jan 2012 #10
jtuck004 Jan 2012 #18
mbperrin Jan 2012 #19
jtuck004 Jan 2012 #20
mbperrin Jan 2012 #21
jtuck004 Jan 2012 #22
JDPriestly Jan 2012 #9
Tansy_Gold Jan 2012 #12
JDPriestly Jan 2012 #14
Tansy_Gold Jan 2012 #15
JDPriestly Jan 2012 #16
JDPriestly Jan 2012 #8
mbperrin Jan 2012 #11
Blue Hen Buckeye Jan 2012 #5
JDPriestly Jan 2012 #7
dmallind Jan 2012 #13
banned from Kos Jan 2012 #17
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