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Forum Post: A thoughtful retort to

Posted 13 years ago on Oct. 8, 2011, 2:11 a.m. EST by touchit (126)
This content is user submitted and not an official statement

extremists talking about a complete upheaval of the US Banking system and ending the fed.. You will note the one thing you guys have VERY right is that there needs to be a stopping of investment banks from engaging in the activities of commercial banks and vice versa. The system needs to be adjusted not dismantled.

http://gene-callahan.blogspot.com/2009/05/immorality-of-fractional-reserve.html

18 Comments

18 Comments


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[-] 1 points by touchit (126) 13 years ago

you want a meet in the middle - here is the solution that a lot of people that walk through Liberty (Park -City) whatever would have gladly jumped on board with. YES there would have been a moral hazard argument but the alternative has caused so much polarization it has to be asked "was it worth it?

That $700 billion could completely pay off about 3.5 million $200,000 mortgages. If the Treasury gave people in risk of foreclosure that money, those people would keep their homes (yes, yes, the money would need to be in the form of coupons only good for mortgage payments), and all of that bad mortgage-backed security debt would no longer be bad -- the financial system would be saved!

[-] 1 points by GeoffH (214) from Jacksonville, FL 13 years ago

Such an easy fix to that solution. It would have been a better band aid than the one that they used. But, it would still have been a band aid. This movement has been coming for a very very long time. I am glad it is here and scared of what it means.

[-] 1 points by touchit (126) 13 years ago

don't be scared it means there is at least a dialogue even if it is dysfunctional. For years people have wanted to burn down the mission.

[-] 1 points by GeoffH (214) from Jacksonville, FL 13 years ago

I am scared and excited that there is a Financial War coming. This is a Revolution and I think that things are going to get a lot worse before they get better. I do have hope. I have hope that We the People can fight back. I have hope that we can throw off the yoke of our Feudalistic Capitalist Kings and Queens and wrest our Government back from their Iron Grip. It's long overdue.

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 13 years ago

er. a new system needs to be built. the old system needs to be put out of the collective misery as soon as a new system is in place to replace it.

[-] 1 points by touchit (126) 13 years ago

like what?

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 13 years ago

everybody find 100 people to go in on land with. make it self sufficient agriculturally so they grow all their own food, then do the same thing for labor, then the same thing for industry.. put in a good robotic machine shop... make your own whatevers. Built a new system. The only way to stand up to the macro economic system is with micro economic systems. until then we are pissing into the wind even as we suck on corporate oligarchies tit.

more details...

http://www.facebook.com/home.php?sk=group_163532010364963&view=doc&id=169262663125231#!/home.php?sk=group_163532010364963&view=doc&id=165096780208486 V.I.I.R.

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University Project Brainstorm

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NICE University

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Psychonautics Textbook

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Different Kinds of Geothermal Power

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main Problems Clusters

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sugestions on how to proceed

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WAR vs Economic Social Justice

[-] 1 points by touchit (126) 13 years ago

so your solution is to force people into work camps? No thanks

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 13 years ago

nope, no camps, all virtual work space. No force, anybody who wants to take responsibility for the future joins us.nice try. trollin.

[-] 1 points by touchit (126) 13 years ago

So any one who dares to disagree with you is a "troll". Nice.

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 13 years ago

merely disagreeing is one thing. trolling is another. you are clearly trolling. there is a difference.

[-] 1 points by touchit (126) 13 years ago

your idea is beyond ridicule. if that makes me a troll then I am what I am

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 13 years ago

which idea? you can't even manage to communicate effectively or make an intellectual case ... you ARE just trolling, the end. My information is absolutely sound, these are the real answers to the problems. You can't make a case different- you can only attack me personally.

[-] 1 points by touchit (126) 13 years ago

everybody find 100 people to go in on land with. make it self sufficient agriculturally so they grow all their own food, then do the same thing for labor, then the same thing for industry.. put in a good robotic machine shop... make your own whatevers. Built a new system. The only way to stand up to the macro economic system is with micro economic systems. until then we are pissing into the wind even as we suck on corporate oligarchies tit. This was YOUR idea right?

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 13 years ago

and it is the solution. Now you have done a fine job of actually linking your communication together and identifying what your use of terms actually leads to and thus means. Ifyou had meaningful communication skills, you'd do that to start, and then explain why you think thats not a solution. Still waiting on any actual argument from you to that effect.

[-] 1 points by touchit (126) 13 years ago

And you started the name calling. I bet things are rough in good old santa barbara. Go drown

[-] 1 points by marsdefIAnCe (365) 13 years ago

Up until about two months ago the idea of nationalizing the fed did not really exist as part of the national dialogue. The end the fed people are going to meet in the middle pretty quickly, I think.

[-] 1 points by touchit (126) 13 years ago

http://socialdemocracy21stcentury.blogspot.com/2011/09/if-fractional-reserve-banking-is.html

read also.

Callahan is a smart guy. And like most of us who don't march support most of you from a far