Quote:
Originally Posted by afc wimbledon
There's nothing closed door about anything though, and in the end the Goverments of the world bailed out the banks (with make believe money that hasn't cost us a thing in reality) to save us poor schmoes who are in debt up to our eyes and couldn't handle a 7 or 8 percent increase in the interest rates. We are beholden to the finance sector because we live in a fiat system of deficit finance, if the goverments actually listened to the OWS you would have to see all of our goverments massively scale back on social programs, the issue I have with the OWS lot are they don't really want what they are protesting for, what they really want is deficit finacing with no repayments.
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Umm, even as someone who defends a lot of what is criticized in the financial sector I can say that that statement is completely ridiculous.