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Forums - General - Poll:When will the banking system collapse?

 

When will it come down?

2012 17 31.48%
 
2013 14 25.93%
 
2014 9 16.67%
 
2015 14 25.93%
 
Total:54
snakenobi on 30 October 2011
Aprisaiden said:


It will happen though since no one seems to be willing to risk an entire country falling apart and countries just refuse to fix their debt problems. Greece is a good example of this -- they refuse to give up land to pay off there debts,

so they are supposed to sell their countries land?

they have had 3 different bail-outs in a few years,

they don't want the money,EU is forcing it on them which gets them into even more debt

they continue and will continue to post deficets for a number of years and the Eurozone has done nothing to stop them. Ofcourse it won't just be a "lolforget about all the money your owed", it will be moves to do things like reduce or eliminate a countries debt over a few years or so.

EU is getting very close to how Soviet union was.they are trying to centrally plan

In the end i expect that the entire global financial system will remain a patchwork wreck that generates big resecions and creates problems will continue to function for a good hundred or more years until it completly kills itself and a new system is created.

nah

it won't go that far

we are going into a depression starting around 2012 end-2013 that will go on for a decade and also might bring World War 3 and the destruction of banking and Zionist interests unless RON PAUL can save it and the current protests are successful

their is no new system,their doesn't need to be a reserve bank that can print money out of thin air which will come down in the next few years





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snakenobi on 30 October 2011

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

 





nanarchy on 30 October 2011

The US banking bailout from memory was in the order of 700 billion, some of which they do get back through assets, current US debt is nearly 15 trillion dollars and rising. The banks greed and idiocy and bailout didn't help the situation but even with a perfect banking system the US would still be circling the drain pipe with massive debt.

defaulting is really not a viable option, yes they could do it but they would completely wreck the US economy and businesses, really the only option soon will e increased taxes for everyone and massive services and military cuts.



snakenobi on 30 October 2011
nanarchy said:

The US banking bailout from memory was in the order of 700 billion,some of which they do get back through assets,

it was way more than$700b

US government had to bail out banks and real estate industry.they get it back through assets but those assets are supposed to be sold and invested in the economy which never happened aka the unemployment rate of 20% in USA today

plus they are getting into wars,still................hehe

now they are trying to get into a war with iran

plus US loans out money

plus US has to pay interest on loans

since the recession,USA has spend close to $5trillion in bailouts,wars,lending,etc

 

current US debt is nearly 15 trillion dollars and rising. The banks greed and idiocy and bailout didn't help the situation

bailout are not supposed to be there

if a company knows bailouts are there then they will keep explointing

they turn free market capitalism into corporatism

but even with a perfect banking system the US would still be circling the drain pipe with massive debt.

HOW?

the perfect banking system is free market which is what USA was built on free market and liberal economy

what perfect banking system in ur eyes?

defaulting is really not a viable option, yes they could do it but they would completely wreck the US economy

it will happen or a devaluation will happen or wars will happen or economic slavery of USA and entire europe will happen

building more debt is wrecking the US and world economy as we speak.US debt ceiling was raise from $14trillion this past august to $16.5trillion

people are standing up and saying why are they paying somebody's fault and why they keep getting bailed out

and businesses, really the only option soon will e increased taxes for everyone and massive services and military cuts.

if you increase taxes then investment will decline.it ha its counter effects and people will be enslaved economically with low income which will wreck the US eoconomy too.

what you are not understanding is principle that people will not tolerate they having to pay for somebody's bad decisions,the bankers and elite





johnsobas on 30 October 2011

default is the only option, if you don't know that default is inevitable then you do not know how the current fiat money system works. It is impossible to pay back the money no matter how much austerity you do. Even if you pay every cent that every person has it will not pay back the debt, it will only pay back the principle, not any of the interest or compound interest. The country would then collapse because no money would be in circulation. The bankers are using the debt to steal all of the possession of the people, the system is coming to a point of collapse and the bankers are trying to get all of the real possession they can before that happens.



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

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snakenobi on 30 October 2011
johnsobas said:
default is the only option, if you don't know that default is inevitable then you do not know how the current fiat money system works. It is impossible to pay back the money no matter how much austerity you do. Even if you pay every cent that every person has it will not pay back the debt, it will only pay back the principle, not any of the interest or compound interest. The country would then collapse because no money would be in circulation. The bankers are using the debt to steal all of the possession of the people, the system is coming to a point of collapse and the bankers are trying to get all of the real possession they can before that happens.


bingo

 

are you following ron paul?do you think he can do anything before the default?



kain_kusanagi on 30 October 2011

It's not too late to fix it. By shrinking government, reducing government spending, lifting regulations and switching to a low flat tax system the US economy could easily turn around. I personally would like to see the federal reserve closed, high import tariffs, and a return to the gold standard, but those a probably pipe dreams.



johnsobas on 30 October 2011
snakenobi said:
johnsobas said:
default is the only option, if you don't know that default is inevitable then you do not know how the current fiat money system works. It is impossible to pay back the money no matter how much austerity you do. Even if you pay every cent that every person has it will not pay back the debt, it will only pay back the principle, not any of the interest or compound interest. The country would then collapse because no money would be in circulation. The bankers are using the debt to steal all of the possession of the people, the system is coming to a point of collapse and the bankers are trying to get all of the real possession they can before that happens.


bingo

 

are you following ron paul?do you think he can do anything before the default?

Ron Paul is the only chance to avoid what is possibly a bloody revolution in the making.  Even then he is probably gonna be killed just as Kennedy was.  Change needs to come from the bottom up not from the top down.  That is the only way to ensure that it will happen, but it will not happen without a fight.



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

johnsobas on 30 October 2011
kowenicki said:
Where is the option for "it won't". Don't confuse broken over spending and frankly lazy/corrupt states with he global banking system.

There are some absolutely ridiculous comments in here, very naive. Nobody gains from a banking collapse. Their would be anarchy on a massive scale.


you got a lot of learning to do if you don't see the connection between the banking system and government corruption and overspending.  They are very very much related.  Like i said though, if you knew how the current fiat currency system worked, you would know that it doesn't matter anyways and no amount of cutting will stop the bleeding.  The system is meant to create debt from the very moment you print the first dollar, that's the whole point of the system.



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

HappySqurriel on 30 October 2011

Soon ...

As the debt ceiling debate in the United States so adequately demonstrated, there is an over-abundance of economically illiterate people within the government and media that can’t even understand that hitting the debt ceiling is not the same as defaulting on your debt; and much like an individual in a similar position, the government could spend less money than they take in through taxation.

As has been demonstrated by the riots in Europe, we can see how people in the public do not seem to understand that the government does not have an unlimited supply of money; and after years of living beyond your means austerity is needed to prevent your economy from defaulting on its obligations and collapsing.

As has been demonstrated by the meaningless "window dressing" that they call bailouts in Europe, the people in power do not even comprehend what is needed to fix their problems so there is no hope of a solution.

 

... At the current rate, within a few years Italy and Greece will default which will cause a domino effect toppling banks and countries alike; and the economy of the world will have been ruined by socialist over-spending and Keynesian economics.