This is nothing more than loan sharking. Knowing and petitioning a potential customer to borrow money while the provider is aware the loan can never be repaid.
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each piece she's torn from the whole she gathers up to organize in a way that makes sense... A discussion point where ideas, articles, and stories that contain much of what you want and need to become aware of the existing corrupt reality we are experiencing and of ways to solve them...
Thursday, October 7, 2010
The crash
In a way similar to how the world bank, its governing countries and corporate clients operate, Americans were convinced by the american dream, that owning a home was a sure equity cushion, a guaranteed source of ever increasing income and growth for the common man. Well maybe if we had treated our homes like corporate property and protected ourselves from any fault, but we didn't. The equity was never real but we believed enough to borrow against it and live well, much as so many third world countries believed when offered the same projections by like minded bankers.
This is nothing more than loan sharking. Knowing and petitioning a potential customer to borrow money while the provider is aware the loan can never be repaid.
This is nothing more than loan sharking. Knowing and petitioning a potential customer to borrow money while the provider is aware the loan can never be repaid.
Liberal? Really?
Most tend to put others on a pedestal when they should just mount a mirror upon it and see who really deserves to be on that pedestal. This need to revere others is so prevalent it disgusts me. So much potential is wasted on outward praise of others. Obama who? What we need is not a leader but one who sets an example, who shows a way not the way, who can express true liberalism through individuality. A president who does his job as administrator and not as King.
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Economics
Both Friedman and Keynes are wrong. They are both opposite extreme economic concepts that clashes not just because of their basic tenets but because they both seek consensus. Consensus comes through compromise and both ideas have become religion and don't work on compromise. Ideas on both sides are good. Its obviously difficult to satisfy large global and national groups by force. Use what works, keep it simple. Eliminate the greed. Current economics is no different than a game that involves betting. The old idea of barter could never work. Currency is need to drive an economy. Any game has rules and most are simple. The most important being cheating. The game must be played above board. All transactions must be transparent. No reason to hide anything unless you are cheating.
Likewise its bad business ethics and logic to extend credit to those who show they can't pay it back.
Likewise its bad business ethics and logic to extend credit to those who show they can't pay it back.
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