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Message Subject "NO BID" threat looming. When the computers stop trading...any tradable funds may drop to zero!
Poster Handle Anonymous Coward
Post Content
Passing debt along to the little guy.........it will not stop until

A) The People stop it by force

B) Civilization crumbles from economical implosion.
 Quoting: --Voltaic--

Capitalism revolves around debt. All the manufacturing and services and other forms of value adding require vast amounts of debt to cater for the sheer volume of exchange. Without debt, capitalism would grind to a halt and growth would end. Banks simply facilitate this process and the markets are their venue of value amplification, similar to a shopkeepers retail premium on wholesale. The fact that it is all appearing shaky has less to do with it being the actions of bad people but rather the fact that the sheer momentum of these activities are reaching such a pitch that they threaten to overwhelm the system.

But to suggest that debt can somehow be made more acceptable is to vastly misunderstand the nature of the system we live within.

I personally see no point in getting into a froth about things. The system will eventually exhaust itself...not whilst countries such as India and China are entering the system however and not in our lifetimes.
 Quoting: Marxist

YES, DEBT is feeding the system. AND NOW they are running short of NEW DEBT also! They have to make MORE NEW DEBT than last year. Ann B. talks about that also. To replace the lack of NEW DEBT they are doing REPO and REVERSE REPO which is destructive!
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