Black People : A Simple Question about the Growing Poverty Figures, as the rich get Phatt

Discussion in 'Black People Open Forum' started by Ankhur, Aug 25, 2011.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

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    Just a simple question

    Why would a progressive deocrat, who has recieved a nation bakrupted an looted by a republican cowboy

    find 3.5 trilion dollars and then instead of creating jobs,
    {which acording to Law Professor Marjorie Cohn, is in the constitution)
    or create a foreclosure but instead,
    give the money to corporations, as a reward for the kind of mismanagement that would have had a regular every day person fired,
    and then make the public foot the bill with their and their children's taxes?
     
  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    revolution…….
     
  3. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    All you have to do is look at what happened to Presidents Andrew Jackson, Abraham Lincoln, and John Kennedy for the answer.
     
  4. Ankhur

    Ankhur Well-Known Member MEMBER

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    if you have documentation, and references, that state they have done what was mentioned,
    then please post and share
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Every time you mess with the banker's monopoly on printing money, they won't hesitate to kill ....

    Andrew Jackson and the Second Bank of the United States
    Abraham Lincoln and the printing of greenbacks
    JFK and reissuing of silver as coin for circulation

    Feel free to consider this speculative, but I feel there is something there ...

    Speculating again, the reason the government gave the banks trillions was they would exercise their power to recall their loans requesting the remaining balance of all loans to be paid in full at once.

    If one is unable to pay, then foreclosure happens.

    Not that the aforementioned is new. This was what was done to the farmers before and during the Great Depression to excise their holdings in land.

    a) Loan money to farmer with the farmer pledging the farm as collateral.
    b) Crash the markets while also restricting the money supply.
    c) Banks recall their loans due to bank runs.
    d) Farmer unable to service loan loses the farm in foreclosure.
     
  6. Ankhur

    Ankhur Well-Known Member MEMBER

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    The interesting thing is that you have about 4 posts saying that you feel the banks should have been alowed to fail according to the rules of capitalism,
    and honsetly the banks did not do what you mentioned nether was there lgislature made to make sure they did,

    mega forclosures did occur and the banks to his day have horded trillions,
    but back to the qustion

    what do those 3 presidents have to do w ith this ish?
    None of them adopted a nation as looted the way Bush did!
    So what was your point?
     
  7. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Congress did bail the banks out to the tune of trillions.

    Exactly. Congress could have paid off everyone's mortgage. Everyone would keep their homes and the banks get their money.
    Instead Congress gives the money to the banks. So, they get your tax dollars as well as they keep the homes.

    Bankers and financiers resort to fear and threats in order to move governments in their direction.

    The point was you are focusing on a leaf rather than the root of the problem. The banking system along with fiat currency are the major issues.

    When you ask the wrong questions, we needn't concern ourselves with right answers.
     
  8. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    revolution…...
     
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