[palmer]

We've been taught for centuries that economies cannot be sustained on credit, but we never learn. No doubt you are right, the bankers and their apologists here will insist that the new scheme is safe and sustainable, just loosen regs a little and give us nice low interest rates and we will guarantee nirvana. And if not we have some nice nirvana default insurance we will sell to you.

The populist response is tempting (I noticed JimRob is advocating it), but the immediate pain from that would be fatal. People don't realize that they can die from pain even if a lot of the body is not injured.

[Revel]

Really? I got the impression that Jim Robinson was not for this:

To: Fox_Mulder77

The “cure” appears to be worse than the disease. Let ‘em die. They’re rotten to the core anyway. We may suffer in the short term but we’ll survive and be stronger for it. Long live the Republic!

59 posted on Saturday, September 20, 2008 02:53:27 PM by Jim Robinson

http://www.freerepublic.com/focus/news/2086601/posts?page=59#59

About the bankers. Imagine an economy where we paid cash for everything. The bankers would get virtually a zero cut of our transactions. Imagine how much further our money would go. As it is now-Americans do all the hard work. The bankers do almost nothing, but play with out money, and they get the biggest cut. When this country was founded then I am sure that it was mostly a cash based society. Not a credit based one. Our founders warned about this. The bible even warns about it.