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-> On Thu 2037-Feb-19 05:16, JOHN FITZGERALD (1:123/140) wrote to RICHARD
WEBB:
 
JF> Still would like to know who are the entities that keep lending us 
JF> billions and billions of dollars while we just keep sinking in debt. 
JF> And why?

DC>  It's good for their economy. 
 
JF>  Don't see how lending money that doesn't get paid 
JF>  back is good for anyone's economy.
 
RW>  SMoke and mirrors.
 
JF>  Mostly smoke.
 
-> 
 
RW>  SHort term:  YOu sell products, keep your workers producing,
RW>  keep paychecks being cut, folks are happy, they have jobs.
RW>  YOu artificially prop up the house of cards, for a little
RW>  while.
 
JF>  Seems the banks are the HOC, all they offer is paper money 
JF>  and  more debt.  The people are the one's who produce/possess 
JF>  tangible goods.
 
RW>  WOuld agree with that.  But keeping that money in
RW>  circulation is the big thing.  IF, let's say, you're a bank,
RW>  you have money to lend.  YOu lend it to folks that are going 
RW>  to buy from your depositors.  Your depositors can then even
RW>  borrow against their receiable.

    And so on and so forth, until all the money just disappears and we
are back to borrowing money that won't get paid back for generations, 
if ever at all.  At that point, when all the money is in a few piggy 
banks, they usher in a socialist/communist state, just like what we 
are witnessing today.  We are going through the same thing Argentina 
went through at the turn of the last century.  Before long they 
nationalized everything, one step at a time.  Argentina used to be 
a thriving and producing country, but by the time Juan Peron was 
finished, that country was in debt up to its ears, and all of it's 
industry pulled up steaks and left the country.  But hey...keep your 
eyes on the Obama carrot.  He's for 'change'.  And he wasn't lying.
 


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