Greed to destroy capitalism ? Greed to destroy capitalism ?
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  1. #1

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    Default Greed to destroy capitalism ?

    In his latest address to the American people the US president has announced that the financial system in the US faces imminent collapse if 700 billion is not injected in the system by the government purchasing sunken mortgage-backed securities ?

    Note that the 700 billion comes from tax payers money .... ie. The government will use tax money to let Americans continue borrowing money ... sounds insane..

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    Quote Originally Posted by 2uk View Post
    In his latest address to the American people the US president has announced that the financial system in the US faces imminent collapse if 700 billion is not injected in the system by the government purchasing sunken mortgage-backed securities ?

    Note that the 700 billion comes from tax payers money .... ie. The government will use tax money to let Americans continue borrowing money ... sounds insane..
    As predicted by Karl Marx.

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    Quote Originally Posted by 2uk View Post
    Note that the 700 billion comes from tax payers money .
    It gets worse. That 700billion to be paid by the US tax payer to be borrowed from the Chinese who have loads of dollars earned from the US people by selling them stuff that could have been made in the US by US employees. So the US taxpayer is paying even more money to people that have already constrained their income.

    Sounds like a recipe for resentment to me.

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    Once the Chinese get their state banking operations moving they are giong to end up owning most of the US financial houses.
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

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    Quote Originally Posted by DaveB View Post
    Once the Chinese get their state banking operations moving they are giong to end up owning most of the US financial houses.
    What's Wong with that?
    Never attribute to malice that which can be adequately explained by stupidity

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    Quote Originally Posted by Paddy View Post
    What's Wong with that?
    Wu is the President of China these days.

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    Quote Originally Posted by HairyArsedBloke View Post
    Wu is the President of China these days.
    I was in the Chinese the other day having a lovely bowl of noodles when <shock> I see 2 eyes staring out at me from within the bowl.
    It was the peeking duck.

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    Quote Originally Posted by TazMaN View Post
    I was in the Chinese the other day having a lovely bowl of noodles when <shock> I see 2 eyes staring out at me from within the bowl.
    It was the peeking duck.
    That's because you asked for supplies

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    Quote Originally Posted by HairyArsedBloke View Post
    It gets worse. That 700billion to be paid by the US tax payer to be borrowed from the Chinese who have loads of dollars earned from the US people by selling them stuff that could have been made in the US by US employees. So the US taxpayer is paying even more money to people that have already constrained their income.

    Sounds like a recipe for resentment to me.
    better
    Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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