17 reasons America needs a recession

Quote from ASusilovic:

The Basel II Framework describes a more comprehensive measure and minimum standard for capital adequacy that national supervisory authorities are now working to implement through domestic rule-making and adoption procedures. It seeks to improve on the existing rules by aligning regulatory capital requirements more closely to the underlying risks that banks face. In addition, the Basel II Framework is intended to promote a more forward-looking approach to capital supervision, one that encourages banks to identify the risks they may face, today and in the future, and to develop or improve their ability to manage those risks. As a result, it is intended to be more flexible and better able to evolve with advances in markets and risk management practices.
More...

blah blah blah blah blah....

The premise of allowing a small group of wealthy bankers to print money out of nothing (which the rest of us would go to jail for. it's called counterfeiting) and loan it at interest is the flaw.

The rest is just drivel.


P.S. My offer still stands to anyone who wants a 1,000,000 loan at interest from me instead of the bank...I'll give you a better rate. Just let me stock up on my green ink :D

Oh, and sorry for the crappy youtube links. Look up "The Federal Reserve, The IRS, and Communism"

and "Money Banking and the Federal
Reserve"

Pretty eye opening :eek:
 
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