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View Diary: Open thread for night owls: U.S. conservatives who scorn Europe sure love its austerity (144 comments)

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  •  Very intructive video (5+ / 0-)

    well worth the time.

    The "extreme wing" of the Democratic Party is the wing that is hell-bent on protecting the banks and credit card companies. ~ Kos

    by ozsea1 on Tue Oct 02, 2012 at 08:40:51 PM PDT

    •  Wonderful Video (1+ / 0-)
      Recommended by:

      Robert Samualson and Freidman and Greenspan are shitty oligarchial sycophonts

      To Goldman Sachs in according to their desires, From us in accordance with the IRS.

      by Bluehawk on Tue Oct 02, 2012 at 10:07:20 PM PDT

      [ Parent ]

    •  Form a Democratic National Bank (1+ / 0-)
      Recommended by:

      The banking system is open to the creation of new banks by people who know how to open a bank. We need some of those people to be Unions and Democrats.
      If GE can start a bank, and Ford can start a bank, then the Unions should be able to start a bank. The Unions would make better profits if they used fractional reserve lending to provide debt relief in the form of lower interest rates on Credit Card debt, Since they can loan out 10 times and more the amount deposited, they could make a tidy profit even offering credit card repayment loans at 4% interest.

      As the film points out, we suffered a 40% contraction in the money supply between 2006 and 2008, while only a 30% contraction between 1929 and 1933 led to the Great Depression.
      Since all money in our system is loaned into existence at interest, I have suggested several times that we form a National Bank for Democrats and use the power of fractional reserve lending in the same way that the Bank of North Dakota uses that power of being able to lend out 10 to 20 the deposited amount  to offer refinancing of mortgages and card debt. (in the case of Goldman Sachs it was 300 times reserves).
      And there was the time that the Federal Banking Commission told me that it was not illegal for a Republican (Mormon ) congressional candidate who had started a bank and was a bank president, to give himself a 2,000,000 zero interest loan to run for Congress, saying that bank officers often gave themselves loans on such a "highly favorable" basis.

      We actually have the power to improve the situation using the banker's own weapons if we will but pick up the fiscal sword.

      To Goldman Sachs in according to their desires, From us in accordance with the IRS.

      by Bluehawk on Wed Oct 03, 2012 at 12:18:45 AM PDT

      [ Parent ]

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