Submitted by mankls3 t3_ytmt8n in todayilearned
What I remember from my finance classes 30 years ago is our banking system is rigged a bit in favor of the banks. It’s needed because a developed country is only as strong as it’s banks. Of course their greed is an overwhelming force. Over time bankers buy enough politicians to occaisionally bankrupt themselves and we have to bail them out. Fucked up isn’t it.
Is your country really strong if it has to rely on that shit
We have 330 million people. Because 30% of voters are completely clueless, they vote politicians who consistently steal their money to keep this cycle going. Now every generation is getting poorer so this isn’t going to end well for us. USA is like the star athlete with money to burn. Our system has worked for 200 years, not because it’s a good system, it’s because we have a shitload of natural advantages in our favor. Natural resources and good universities.
That's what I think too. We think we're bad ass because we have two oceans on either side of us, a shit ton of natural resources, and are lucky enough to not have Russia or China as a next door neighbor like our friends in Europe and Asia. We're cocky and nouveau riche and will burn out. If we survive that, maybe we'll grow up.
I apparently already had them on ignore. And I generally only do that if someone is exceptionally vile or stupid.
Yeh, I was never worried that our democracy was in danger. I do a lot of research on the candidates before I vote.
It was obvious that Trump was a danger to our country in 2016. I remember telling my nephew, a history teacher that very thing. He assured me the country had endured much worse politicians. He quickly admitted he was wrong. You may have but we elected a person who at best was a complete lunatic. At worst, he was indebted to the Russians and fed them info and favors. Our country is slowly retreating into nationalistic bullshit. Our system of checks and balances have been proven to be able to be overcome with crooked congressman and Supreme Court judges working together.
Agree. Trump is dangerous.
I mean, this is assuming that voting isn’t rigged. If not on the national level (probably not), then most likely on the local level. Too many fingers, not enough pie.
bs. WE DO what Singapore does and we get what Deng Hsaio Ping did , and returned prosperity to Chung Hua's ruinous maoist Practices.
Get rid of the rampant spending, get rid of ruinous damage to energy supplies, get rid or green rules which collapse the market efficiencies and watch the economy roar back from cheap energy; and elimination of command economy, greeny, marxist rules which ALWAYS create inefficiencies.
The ways into high inflation costs, too high for energy was obvious. So are the ways back to prosperities.
Nations are ruined by bad decisions and they grow by good policies. The madia of course is nutso anti-free markets and so of course, the whole thing ruins them.
cali, oregon, WA state, NYC and places round there have bad economies. High crime, high energy costs, food costs, etc.
In FL, TX, Alberta , CAN, they have low cost energy, and high prosperities. Drive South. Thank you, suzie boggess.
I’d love to debate you on many issues but from your other posts, facts do not drive your thought process.
I definitely want to stay away from anywhere near Florida. Place is a dumpster fire. And anyone who lives there, you have my condolences.
I was a banker over 42 years. Your comments are a bit insulting. Not all bankers are greedy and not all are buying politicians.
The banks we had to bail out were plenty crooked. The banks I worked for preyed on the poor. I think I was honest too, but until I quit I was complicit.
I was lucky in my career. I never worked for a predatory lender.
Then you worked for a bank that did business with a predatory banker. We’re you a banker at a credit union? If so, which major bank was the bank they did transactions through?
I never worked for a bank that preyed on the poor.
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