What is the history of our banking system?

Discussion in 'History' started by desi, Sep 7, 2007.

  1. desi Valued Senior Member

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    It seems like governments and individual people are mired in debt. Is this a historical thing which repeats itself or is it something new? Can the cycle be broken?
     
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  3. nietzschefan Thread Killer Valued Senior Member

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    Would require a complete collapse IMO.

    It's been going on since Rothschild short-sold france after hearing about Waterloo(he was in the courier bidness), days before anyone else in Europe. One of the oldest International European banker families. Very powerful.
     
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  5. Read-Only Valued Senior Member

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    Which "our" banking system are you talking about? A specific country, the whole world, or what?
     
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  7. desi Valued Senior Member

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    Would that be good or bad for us?
     
  8. desi Valued Senior Member

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    Fractional reserve banking led by central banks is how Europe and the US do business. Where do you live?
     
  9. nietzschefan Thread Killer Valued Senior Member

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    For most people, plugged into the "machine", very bad. Going by humanities track record, a big ol' war would follow, countries with the current manufacturing picking on ones that don't. Masters of production scrambling to find a new way to control the herd, would impose draconian "law" and "order", which nearly no one could abide by.

    After the calamity, things would nice for survivors. More individual labour, less management job, less B.S, less overhead. People will not ask how much something costs, but how much material and labour it takes to do it, make it or explore it.
     
  10. Read-Only Valued Senior Member

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    In the U.S.

    Banking has cycles, just like any other business. And it's also been essential to the growth and prosperity of this country. Without a source of consolidated finiancing, few people could own their own homes and vehicles, large industries could never have come into existance, the list goes on and on...
     
  11. desi Valued Senior Member

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    Banking is helpful. The way it is done with compound interest consistently working against little people who get loans they have no business getting should be against the law.
     

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