Do you really think we would have seen the 2008 crash if banks were only allowed to lend money from their own assets and not lend from assets you store with them?
Yes. because the moment moment banks went fractionally , there was no turning back. And not amount of LAWS will ever change that.
Proof stands exactly the 2008 crash. More precisely the BAILOUTS and all the reactions to it.
You can't have capitalism without crashes. Having no crashes is THE ANTI-Thesis of capitalism.
Think about it. You make dildos ... when everyone that wants your dildo has one THE MARKET WILL CRASH. You either adapt , OR YOU GO BUST. This was true for anything that ain't a consumable.
government bailouts and "too big to fail" was designed in 1913. It's designed to strip wealth away from us, and give it to the very few who don't need it. With the result that we're brought to our knees economically, and forfeit everything this Nation ever stood for in exchange for some gibs.
It might have been designed for banks in 1913 . But my argument was that when shit hits the fan , even the guy that tells us that the US will never be socialist (TRUMP), will call for stimulus and bailouts. There were bailouts and government interventions in the economy long before 1913. THE EFFECT IS THE SAME. The central bank just made it easier and i would argue more efficient.
The only real solution is to have a population that ain't ignorant. If the population cheers when the stock market goes up WHILE the economy is closing down. YOU CAN BET YOUR GOLD TOOTH the government will bail and print like mad .
Yes. because the moment moment banks went fractionally , there was no turning back. And not amount of LAWS will ever change that. Proof stands exactly the 2008 crash. More precisely the BAILOUTS and all the reactions to it.
Too big to fail waa designed in 1913, and has happened at least 7x since. It wasn't anything new in 2008.
no it wasn't designed 1913.
You can't have capitalism without crashes. Having no crashes is THE ANTI-Thesis of capitalism.
Think about it. You make dildos ... when everyone that wants your dildo has one THE MARKET WILL CRASH. You either adapt , OR YOU GO BUST. This was true for anything that ain't a consumable.
Your points aside -
government bailouts and "too big to fail" was designed in 1913. It's designed to strip wealth away from us, and give it to the very few who don't need it. With the result that we're brought to our knees economically, and forfeit everything this Nation ever stood for in exchange for some gibs.
Look how many people are there right now!
It might have been designed for banks in 1913 . But my argument was that when shit hits the fan , even the guy that tells us that the US will never be socialist (TRUMP), will call for stimulus and bailouts. There were bailouts and government interventions in the economy long before 1913. THE EFFECT IS THE SAME. The central bank just made it easier and i would argue more efficient.
The only real solution is to have a population that ain't ignorant. If the population cheers when the stock market goes up WHILE the economy is closing down. YOU CAN BET YOUR GOLD TOOTH the government will bail and print like mad .