The Mudcat Café TM
Thread #115883   Message #2983211
Posted By: Little Hawk
09-Sep-10 - 12:30 PM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
Bruce, the entire western world's economy is a giant pyramid scheme that's been built by the major banks through the creation of vast amounts of digital money (created instantly out of thin air every time they make a loan to someone). This means that the money supply keeps going up, the value of the currency keeps going down proportionately (inflation), and all the societies involved keep going deeper into debt. It is not just a USA problem, it's happening elsewhere too. If Obama is doing what you say he is, it's because the major banks want him to. The Democrats and the Republicans are nothing more than governmental servants to the banking industry, and I think you should look into that.

The nature of a pyramid scheme is that the balloon has to keep getting bigger to prevent everyone losing out bigtime. Eventually it gets so big that it bursts. Then everyone loses out bigtime regardless, because the whole exercise was a fraud in the first place. The real criminals here are the major lending institutions...and the politicians in every major political party who have simply bent over meekly and done what those major lending institutions wanted them to do by deregulating and allowing it to happen.

Obama's temporary, Bruce. Just like Bush was temporary. The real problem is much bigger than both of them.