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Why don't Banks ever swoop in and bail out ordinary Americans debt?

PhilFish

Administrator
Staff member
At this point we're all familiar with the so-called banking crisis that's affecting large institutions around the world. Routinely we see solutioning in the form of other Banks rushing in to stem losses with influxes of cash to the tune of tens if not hundreds of billions of dollars

Sure would be nice if such things could occur for the ordinary consumer, who's debt load rises exponentially as all this nonsense is occurring
 

bdtex

Administrator
Staff member
At this point we're all familiar with the so-called banking crisis that's affecting large institutions around the world. Routinely we see solutioning in the form of other Banks rushing in to stem losses with influxes of cash to the tune of tens if not hundreds of billions of dollars

Sure would be nice if such things could occur for the ordinary consumer, who's that load rises exponentially as all this nonsense is occurring
That wasn't uncommon back in ancient years when the bulk of banks were truly community banks.
 

PhilFish

Administrator
Staff member
That wasn't uncommon back in ancient years when the bulk of banks were truly community banks.
Honestly, you would think that's something worthy of discussion. We're routinely reading about endeavors that involve hundreds of millions of dollars, or trillion dollar add-ons to our debt. Imagine, a 1 trillion dollar add-on would alleviate the credit card debt of every person in America. Imagine the economic impact. For every business, every bank, everywhere, all at once.
 

Boltlady

Mayor
At this point we're all familiar with the so-called banking crisis that's affecting large institutions around the world. Routinely we see solutioning in the form of other Banks rushing in to stem losses with influxes of cash to the tune of tens if not hundreds of billions of dollars

Sure would be nice if such things could occur for the ordinary consumer, who's that load rises exponentially as all this nonsense is occurring
It's all on the path to the digital banking which is the goal.

Another form of the ultimate control of everybody.
 
At this point we're all familiar with the so-called banking crisis that's affecting large institutions around the world. Routinely we see solutioning in the form of other Banks rushing in to stem losses with influxes of cash to the tune of tens if not hundreds of billions of dollars

Sure would be nice if such things could occur for the ordinary consumer, who's that load rises exponentially as all this nonsense is occurring
This is the government's role. And they have a process. It's called "filing bankruptcy"
 

RickWA

Snagglesooth
There's a process for paying off student debt, called a JOB
This is correct. However, Statists love the infantilization of adults. Adults now can’t pay their bills, won’t honor contracts, can’t say what a woman is, think that men can menstruate and have babies, etc. I used to be a Special Olympics coach leading sprint events. Even the most limited of participants knew the difference between dudes and chicks.

It’s a very special sort of mental illness that grips lefty now.
 
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Dawg

President
Supporting Member
This is correct. However, Statists love the infantilization of adults. Adults now can’t pay their bills, won’t honor contracts, can’t say what a woman is, think that men can menstruate and have babies, etc. I used to be a Special Olympics coach leading sprint events. Even the most limited of participants new the difference between dudes and chicks.

It’s a very special sort of mental illness that grips lefty now.
To be leftist is to be Mental
 

condorkristy

Mostly Liberal
This is correct. However, Statists love the infantilization of adults. Adults now can’t pay their bills, won’t honor contracts, can’t say what a woman is, think that men can menstruate and have babies, etc. I used to be a Special Olympics coach leading sprint events. Even the most limited of participants knew the difference between dudes and chicks.

It’s a very special sort of mental illness that grips lefty now.
Its so pronounced that in a thread about the one-way-street of bailing out banks; you have to bring up gender ambiguity, infantilization of adults, and mental illness of which you seem well acquainted.
 
Not for student debt. Can you imagine having to file bankruptcy right after graduating with a degree?
student debt can't be cancelled because it's like past due taxes. it's owed to a government agency in many cases. you also can't use bankruptcy to discharge traffic fines, financial penalties when you're found guilty in a court of law, damages to a government owned building, fire damage to parkland . . .
 

RickWA

Snagglesooth
Its so pronounced that in a thread about the one-way-street of bailing out banks; you have to bring up gender ambiguity, infantilization of adults, and mental illness of which you seem well acquainted.
Yes, infantilization of the masses. Your timely appearance as example is swell.
 
At this point we're all familiar with the so-called banking crisis that's affecting large institutions around the world. Routinely we see solutioning in the form of other Banks rushing in to stem losses with influxes of cash to the tune of tens if not hundreds of billions of dollars

Sure would be nice if such things could occur for the ordinary consumer, who's debt load rises exponentially as all this nonsense is occurring
5000 years ago it was understood how debt grows exponentially while production follows a "S" curve:


Michael Hudson has been writing about excessive debt and its moral failings for six decades:

https://peoplesforum.org/events/empire-and-economics-the-long-history-of-debt-cancelation-from-antiquity-to-today/

"Debt plays a central role in upholding the economic and social order of the day.

"In the US, mounting debt and the crippling financialization of our lives is taken as fact.

"Our political leaders see no real problem and offer no serious solution.

"This was not always the case.

"Throughout antiquity, widespread debt-cancellation was understood as a moral and practical necessity...."

"Counter to dominant history and theology, Hudson reveals how the Bible itself is concerned most with the moral failure of economic systems, rather than personal sin."
 

PhilFish

Administrator
Staff member
5000 years ago it was understood how debt grows exponentially while production follows a "S" curve:


Michael Hudson has been writing about excessive debt and its moral failings for six decades:

https://peoplesforum.org/events/empire-and-economics-the-long-history-of-debt-cancelation-from-antiquity-to-today/

"Debt plays a central role in upholding the economic and social order of the day.

"In the US, mounting debt and the crippling financialization of our lives is taken as fact.

"Our political leaders see no real problem and offer no serious solution.

"This was not always the case.

"Throughout antiquity, widespread debt-cancellation was understood as a moral and practical necessity...."

"Counter to dominant history and theology, Hudson reveals how the Bible itself is concerned most with the moral failure of economic systems, rather than personal sin."
well, yes, and the moral failings of lazy shits that wont step up and contribute..
 
well, yes, and the moral failings of lazy shits that wont step up and contribute..
Was Jesus one of those lazy shits who didn't contribute?

https://michael-hudson.com/2022/01/on-debt-parasites/

"So the original meaning of the Lord’s Prayer in Hebrew and Greek was, 'Forgive us our debts,' because their whole fight in the time that Jesus wrote all over the Roman world was a fight to cancel the debts that were enslaving everybody."
 
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