Poll:When will the banking system collapse?

[snakenobi]

nanarchy said:
You seem confused, the banking system is different to government debt, both have a lot of trouble at the moment, banking for over leveraging through bad debt and idiot politians who keep spending more than the government earns.

how do youn think government get into debt?

its by bailing out these banks and printing money out of think air fromt the federal reserve

I doubt the banking system will collapse, plenty of countries have stable solid banking systems,

what?

the global currency is depedent on each other

if EUROPE fail(it will cause it has big debts) and USA fails the other countries likes india and china who live on the consumption from the west.the whole think will be doomed

if banking systems were regulated them we wouldn't be in this shit right now

usually because they are regulated, I would imagine over the next 5-10 years we will see a reversal of the deregulation that has taken place over the last 2 decades.

deregulation?

regulation happened thats why they bailed banks out,deregulation means lets banks suffer their own consequences so they will not loot people

As for government debt, well what happens there is anyones guess, defaulting is generally not a good option for any government, at least any government that wants to continue to have its citizens prosper.

what the hell?

you don't know what you are talking about(sorry for being rude but you have no idea in how big a shithole we are)

the government will have to default,if they dont then citizens will not prosper but be economically enslaved

'prosper'..................lmao