I have never understood why anybody would think the rich are not out for themselves! They might be out for Blacks if they fear a city burning or for the poor if they get tired of looking at filthy bums maybe... wtf...
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The Limits of 'Made in America' Economics
- Thread starter OddTrader
- Start date
It is true that private sector banks, not the fed nor the treasury*, make money for their owners by borrowing money at one rate and loaning it out at a higher rate, the rate difference being the "spread" which, after expenses, the owners pocket. And of course banks have myriad other ways of making money from commerce and financial services. Is this wrong?A follow up thought...I would prefer that to the current setup where according to my rudimentary understanding the money flows through various banks and businesses, enriching the privileged ones.
I heard recently of Cryptomining, still something else I know hardly anything about. But I was left with the impression that this was a means by which profits could be extracted from cryptocurrency transactions. If that is so, wouldn't that be more or less the equivalent of banks profiting from commerce and loans. Is this wrong?
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* the Federal Reserve system serves, among many other things, as the Treasury's Bank. The fed does often make profits, after expenses of course, from mainly bond transactions, earned interest, and fees it charges private sector banks, etc. But unlike private sector banks whose profits flow to the banks' owners, the fed's profits flow 100% back to the American people via the Treasury.
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your reply is useless without facts.Like china
Many people know how to proceed, but they are hampered by the political system and a dreadful lack of leadership at the very top.
Current progress:
California politics updates: Assembly Republicans asked to choose a new leader on Monday, a new plan to split California into three states
Aug. 18, 2017
http://www.latimes.com/politics/ess...-another-initiative-1503000865-htmlstory.html
Mega-clinic provided 'miraculous' $38.4 million in services in Los Angeles
Your Best Pathway to Health releases the final figures for its biggest free clinic.
May 19, 2016
https://news.adventist.org/en/all-n...ulous-384-million-in-services-in-los-angeles/
I was watching a tv documentary on cars and how they changed America. Before the Model T most people never went 50 miles from their birthplace. They were limited to what a railroad could do for them regarding choice of destinations. We could return to that setup, let the roads deteriorate and rely more on the internet. We might be as happy if not moreso.
Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one's lifetime.I was watching a tv documentary on cars and how they changed America. Before the Model T most people never went 50 miles from their birthplace. They were limited to what a railroad could do for them regarding choice of destinations. We could return to that setup, let the roads deteriorate and rely more on the internet. We might be as happy if not moreso.
- Mark Twain
I'm with Mark.
And I'm all for spending the money we have. Not what we create.
"
And I'm all for spending the money we have. Not what we create. "
Many people would agree with the concept.
But the reality is how many nowadays can buy a house with full cash?
"A Timeline of United States Currency"
https://dailyreckoning.com/a-timeline-of-united-states-currency/
And I'm all for spending the money we have. Not what we create. "
Many people would agree with the concept.
But the reality is how many nowadays can buy a house with full cash?
"A Timeline of United States Currency"
https://dailyreckoning.com/a-timeline-of-united-states-currency/
your reply is useless without facts.
China has been manipulating its currency to fuel its exports. They have not experienced the inflation you talk about.
Only a leftie would call buying a house with cash ... a concept. Are you a leftie?"
And I'm all for spending the money we have. Not what we create. "
Many people would agree with the concept.
But the reality is how many nowadays can buy a house with full cash?
"A Timeline of United States Currency"
https://dailyreckoning.com/a-timeline-of-united-states-currency/
Anyway that was how it was done at one time. And actually some people still today (and not just the wealthy) do it.
Individual states have to balance their budgets each year, even though they sometimes resort to games like delayed funding of pensions, why shouldn't the federal gubmint be required to have a balanced budget every year? Excluding truly exceptional periods like wartime (but not terror wars) and real depressions (not great recessions).
* The Benefits Of Buying A Home With Cash - Forbes
https://www.forbes.com/.../the-benefits-of-buying-a-home-with-cash/ - Cached
16 Nov 2011 ... I write about real estate markets, outrageous homes and cities. ... There were other benefits as well to buying for cash, he says. ... estimates that roughly 30% of U.S. home buyers are now making their purchases 100% in cash, ...
What % buying houses with cash? Any actual statistics?
* Don't Be So Sure That States Can't Go Bankrupt - Forbes
https://www.forbes.com/.../dont-be-so-sure-that-states-cant-go-bankrupt/ - Cached
28 Jul 2016 ... Our judicial system has a time-tested option for those who can't pay their debts: bankruptcy. Individuals and businesses use it all the time.
* Top 10 States for Bankruptcy in the United States | Inc.com
https://www.inc.com/.../top-10-states-for-bankruptcy-in-the-united-states.html
18 Jul 2015 ... How does your state rate when it comes to the number of bankruptcies filed each year?
* Could Illinois be the first state to file for bankruptcy? - CBS News
https://www.cbsnews.com/.../could-illinois-be-the-first-state-to-file-for-bankruptcy/ - Cached
16 Jun 2017 ... At the moment, it's impossible for a state to file for bankruptcy protection, which is only afforded to counties and municipalities like Detroit.
* History of Bankruptcy in the United States - The Balance
https://www.thebalance.com/history-of-bankruptcy-in-the-united-states-316225 - Cached
31 Oct 2016 ... Bankruptcy in the United States has had a long and varied history since the framing of the U.S. Constitution. Initially, the framers of the ...
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