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Forum Post: how to solve the "debt crisis"

Posted 1 year ago on July 27, 2013, 9:32 a.m. EST by agkaiser (1329) from Fredericksburg, TX
This content is user submitted and not an official statement

How can crippling debt be overcome? Communitize banking and finance. All that we need in common can be done in common on a non profit basis. Such common sense solutions will minimize costs and debt. If we do it ourselves, we eliminate investor and CEO overhead, because we invest with our tax money. The dividend to the investor is lower cost goods and services for all. We the people can further reduce costs when we hire reasonably priced management. This is a no brainer. Well not quite. Our politicians and the ruling class who own them have no useful brains. They haven't seen the obvious solution.

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10 Comments


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[-] 5 points by agkaiser (1329) from Fredericksburg, TX 1 year ago

Down with debt tyranny!

“The free market knows best!”

The free market knows nothing but concupiscence. Mindless greed is a threat to the survival of the Human Race.

[-] -1 points by Stuffsnotfree (-18) 1 year ago

But, no doubt, you like the borrowing part, just not the repayment part.

"Greed": The trait of other people that won't give us things.

[-] 2 points by OccupyNews (1183) 1 year ago

I just finished an article on this very topic on my debt suspension rights blog. The key is not being indentured debt wise to the national banks.

http://debtsuspensionrights.blogspot.com/2013/07/fix-unfair-credit-card-practices-fix-us.html

[-] 1 points by agkaiser (1329) from Fredericksburg, TX 1 year ago

thanks

[-] 2 points by schmoot (65) from Kerrville, TX 1 year ago

They continue to promote the failed policies of the last third of the twentieth century. The cons are what Einstein meant about the meaning of insanity.

[-] 1 points by JeffSoke (8) from Houston, TX 1 year ago

"on a non profit basis" followed by "dividend to the investor"

How does that work? Where does a dividend come from?

"we eliminate investor overhead"

Why would anyone invest with you to begin with?

No brainer? OK, then explain the mechanics of it to me.

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[-] 1 points by agkaiser (1329) from Fredericksburg, TX 1 year ago

I don't see how anyone could so thoroughly fail to understand what I wrote. Your obtuseness [deliberate?] amazes me!

[-] 0 points by JeffSoke (8) from Houston, TX 1 year ago

Oh OK!

[-] 4 points by shadz66 (19985) 1 year ago

''Reinhart-Rogoff Error Pulls Explodes Important Argument for Austerity'' was my favourite bit from that great link, from which I also gleaned the following first three links :

I had never even heard of Peter G. Preston before. I twinkled your comment already but either you (like bw) have got dedicated 'stinkle-bots' or right-wing corporate-Koch-suckers - still haunt this forum trying desperately to snuff out any light that threatens to shine & show up their Randian, Libertopian twaddle for the misanthropic psychopathy that it is. I'm guessing both apply, plus an 'X' the unknown factor, lol.

Perhaps we should set ZD on them, lol. Phew !!! That's my spleen sufficiently vented & thanx again for your excellent link. That fkn 'R-R' study has been used all over the world by the 0.01% and their evil li'l lickspittles but even though it is now totally discredited will we hear a peep of contrition or humility from these fatuous scumbags or their MSM lackeys ?!! Will we fck !!! Onwards and Upwards GF & Solidarity.

per aspera ad astra ...