Patrick.net

Middle Class Hurt by Broken Global Banking System

By Patrick   Follow   Mon, 4 Jun 2012, 9:41am   444 views   3 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://finance.yahoo.com/blogs/daily-ticker/middle-class-hurt-broken-global-banking-system-unfair-151629536.html

Viewing Comments 1-3 of 3     Last »     See most liked comments

1. HEY YOU Follow Befriend (4) 357 threads 965 comments

   1   9:32am Thu 7 Jun 2012   Share   Quote   Permalink   Like   Dislike   No one should ever say anything bad about the banks. We must always protect free enterprise no matter what it cost a single individual. I'm voting both DEM & REP. McCain & Obama left the campaign trail to vote for TBTF. That saved the economy of the entire UNIVERSE.

2. Honest Abe Follow Befriend (41) 91 threads 1,806 comments

   2   12:09pm Thu 7 Jun 2012   Share   Quote   Permalink   Like   Dislike   Patrick, the root of the problem is that no country in the world operates with a sound currency, they all have fiat currency's. If you remember American History, after he Civil War, all states printed their own currency. There was no uniform standard "value". It was chaos. Kinda like whats happening now with virtually every country printing its own currency, but no uniform standard. Each country can devalue its currency to gain an unfair business advantage over all other countries. What we have now is a race to the bottom, in order to be competitive. Its a lose-lose situation. We need leaders with integrity, who will make the hard, unpopular, necessary decisions to put our country back on the path of prosperity. This as opposed to the road to serfdom which we are currently on.

3. Patrick Follow Befriend (54) 5,240 threads 6,175 comments 46 male Menlo Park, CA Premium

   3   4:44pm Thu 7 Jun 2012   Share   Quote   Permalink   Like   Dislike   Honest Abe says Each country can devalue its currency to gain an unfair business advantage over all other countries. Yes, I think one reason no country uses gold or silver as currency anymore is that they want that devaluation power over other countries. Makes exports cheaper, until the other country does it too. And they want the power to confiscate savings from their own people via the printing press. Honest Abe says We need leaders with integrity, who will make the hard, unpopular, necessary decisions Leaders proposing unpopular policies don't get elected though.