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Lauxa · 02-26-2009, 01:34 AM

Do you think the government plan to form "public-private partnerships" with banks is a form of nationalization? Is it a good idea?

(IMO... yes and no)

Inthon · 02-26-2009, 03:29 AM

No, let the insolvent banks go under and let the well-managed local and community banks pick up the pieces.

The only long-term solution is to end the fiat monetary system which we currently have. The government should not have the ability to print up as much money as they want and dilute people's savings. It creates horrible business booms and busts and leads to a loss of wealth.

I write more about this on my blog, if you're interested.

Lauxa · 02-26-2009, 03:52 AM

I agree with you Inthon... it's a good time to be in debt I think

Still Growing · 03-10-2009, 01:34 AM

The gov't doesn't print up money. They let the Private Fed do it and charge us interest. Its worse than you think.

Gabo · 03-11-2009, 04:24 PM

Still Growing is right. Not only is it horrible that we have a fiat currency, but instead of printing the money, our government decides to pay a private bank to print it.

jthomson71 · 03-11-2009, 09:19 PM

the days of a true free market society seem behind us, the days of big government are upon us. I really haven't seen the government run anything effectively so it concerns me when they get more involved instead of less involved. I think part of the problem is no one really wants to take the medicine we all need to take by letting companies that grew big, fat and lazy go under. It will hurt everyone but I believe we are resilent country and people and we will find a way to make things stronger and better.

02-26-2009, 01:34 AM	#1 (permalink)
Lauxa Family Member Join Date: Nov 2006 Posts: 2,545	Nationalizing US Banks Do you think the government plan to form "public-private partnerships" with banks is a form of nationalization? Is it a good idea? (IMO... yes and no)

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02-26-2009, 03:29 AM	#2 (permalink)
Inthon Senior Member Join Date: Dec 2008 Location: Boston Posts: 171	No, let the insolvent banks go under and let the well-managed local and community banks pick up the pieces. The only long-term solution is to end the fiat monetary system which we currently have. The government should not have the ability to print up as much money as they want and dilute people's savings. It creates horrible business booms and busts and leads to a loss of wealth. I write more about this on my blog, if you're interested.

02-26-2009, 03:52 AM	#3 (permalink)
Lauxa Family Member Join Date: Nov 2006 Posts: 2,545	I agree with you Inthon... it's a good time to be in debt I think

03-10-2009, 01:34 AM	#4 (permalink)
Still Growing Senior Member Join Date: Nov 2006 Posts: 944	The gov't doesn't print up money. They let the Private Fed do it and charge us interest. Its worse than you think.

03-11-2009, 04:24 PM	#5 (permalink)
Gabo Senior Member Join Date: Aug 2007 Location: Los Angeles Posts: 490	Still Growing is right. Not only is it horrible that we have a fiat currency, but instead of printing the money, our government decides to pay a private bank to print it.

03-11-2009, 09:19 PM	#6 (permalink)
jthomson71 Member Join Date: Jan 2009 Location: Philadelphia, Pa Posts: 34	the days of a true free market society seem behind us, the days of big government are upon us. I really haven't seen the government run anything effectively so it concerns me when they get more involved instead of less involved. I think part of the problem is no one really wants to take the medicine we all need to take by letting companies that grew big, fat and lazy go under. It will hurt everyone but I believe we are resilent country and people and we will find a way to make things stronger and better.

Personal Development for Smart PeopleTM Forums

Personal Development for Smart People^TM Forums