Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Time To Take Away Everyone's Credit Card, Especially Uncle Sam's-Danielle Park--24.Apr.2012
The Financial Survival Network ^ | 04/24/2012 | Kerry Lutz

Posted on 04/24/2012 1:07:57 PM PDT by appeal2

www.FinancialSurvivalNetwork.com presents

Danielle Park, proprietress of www.JugglingDynamite.com joined FSN today for another far-ranging discussion of what's wrong with the global financial system. It seems not a lot has changed since the Great Depression, and the lessons which were learned during that debacle were slowly forgotten. As a result, limitations on banking activity and financial instruments gradually gave way to a climate of cowboy, crony capitalism. The banks, while receiving extremely generous privileges from the government were able to avoid all limitations on their behavior and business practices. After the passage of Glass-Steagall, commercial banks were prohibited from engaging in risky banking activity. They weren't allowed to expand to other states and could only engage in sound lending. Throughout the years, that all changed and eventually the banks became the masters of their own destiny, as well as everyone else's. Yet again, we now see how this science experiment has wound up. It's time to restructure the entire financial industry, get rid of the zombie banks, and the performance of basic function of capital allocation and character based lending.

Listen to the Interview Here


TOPICS: Chit/Chat; Conspiracy; Government; Politics
KEYWORDS: blogpimp; daniellepark; gold; kerrylutz; silver

1 posted on 04/24/2012 1:08:06 PM PDT by appeal2
[ Post Reply | Private Reply | View Replies]

To: appeal2

Hussein likes check writing to nothing will have changed.


2 posted on 04/24/2012 1:13:18 PM PDT by bgill
[ Post Reply | Private Reply | To 1 | View Replies]

To: appeal2

A Guide to American Federal Debt Made Easy (and funny):

http://www.youtube.com/watch?v=Li0no7O9zmE


3 posted on 04/24/2012 1:20:50 PM PDT by Choose Ye This Day (There's no shame in attacking a criminal's bean bag. -- Ron Swanson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Choose Ye This Day

IMHO, I think this video is flat out wrong.
I think of the debt as the stealth quantitative easing. It devalues the dollar and is along with the other QE causing inflation. It is not the children that will pay directly. It is anyone holding dollars and the middle class who will pay.
Old people on fixed incomes are the most impacted!

The children will grow up as we did in the 70s where inflation is a way of life. They will be paid in inflated dollars.

The indirect impact on them is that their parents will have less to pass on to them (if any).


4 posted on 04/24/2012 1:31:00 PM PDT by jonose
[ Post Reply | Private Reply | To 3 | View Replies]

To: appeal2

That must be why he didn’t vote for the bill when he was a Senator for the state of Illinois.


5 posted on 04/24/2012 1:58:07 PM PDT by AD from SpringBay (We deserve the government we allow.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson