In light of the present financial crisis, it's
interesting to read what Thomas Jefferson said in 1802:


'I believe that banking institutions are more dangerous
to our liberties than standing armies. If the American
people ever allow private banks to control the issue of
their currency, first by inflation, then by deflation, the
banks and corporations that will grow up around the banks
will deprive the people of all property until their children
wake-up homeless on the continent their fathers
conquered.'

If we would just listen to our founders and follow the principals the constitution set this would never happen.

If you want to see some more quotes like this take a look at http://american-report.com/reports/2...0Jefferson.pdf

And they still end up the same, actually much worse, in North Korea by allowing the government to control everything! At least our system brought wealth to everyone, and then feed on everyone's greed, until everything backfired.

Every action has a consequence... both good and bad. The decision should depend on weighing which will have most benefit not only for the bank, but for the people as well.

hail september 12th

well its history all right and it story repeats itself

Yes, it's a huge mess and there's been a lot of misery and loss. However, it does seem to have bottomed out now, and there is light at the end of the tunnel.

Capitalism isn't all bad. It goes in cycles. Greed reigns for a while, ultimately causing financial chaos. But then common sense prevails and things get put right. Then there is growth for a long time until there is another bust, and the same cycle repeats ...

Totalitarianism, however, is endless misery and poverty - except for those in power, of course!

"it does seem to have bottomed out now,"

not even remotely! employment is set to lose more than 3 times the blood lost so far, at least, before "bottoming out", same for property prices.

it's only begun, only begun.

loads of new sectors to fall (we have seen banking, insurance, loans, manufacturing, business services [a recent collapse in that sector], telecoms [a recent, in-progress collapse] all falling, but many more sectors are coming up - gaming, for example, is a big loss about to be manifest. like for like sales at xmas will be something like 10% of the sales made last year, literally - that's the percentage crash most industries already-hit have faced)

it's dominoes. i'm sorry to burst the bubble, but you ought to be prepared.

there will never, btw, be uk/usa financial dominance in the world again - about 45 countries, of whom 3 have ALL the money "we" used to have, are making very sure of that from now on.

London and other big cities in team UK/USA are seeing mass departure of low-paid slave-wage workers who were once better off in our cities. and all the way up to the top, in all genders and colours, joblosses are just mounting, salaries have stopped being frozen and are even decreasing. workers are moving away or back home with their parents. property rental prices are now falling - the crown of the property crash. the end of the last chance saloon for cowboys to make a final killing off overpriced rentals.

Totalitarianism is what you live under mate. It is a feudal capitalist society you have, not a democratic one. I say "you" because my values and way of life have ensured that I have not been hit by the crash, quite the opposite. I am now firmly "made", and nothing can stop me. Currently I am already stacking up, daily, dollars and dollars of "expensive" advertising, all for free - i.e. my mechanisms are the sort of naturally useful things in the world that they, through the current age of meritocratic network-driven marketing, are drawing in tonnes of "free" legitimate traffic from google who benefits much more from sending people to my pages than to 90% of those who do "this business" - as a quick glance at half the threads on this webmaster forum show clearly. the big hindrance I had was that people making crap had LOADS of resources and money to help them because backers were backing anything that made any instant money, rather than backing intelligent businesses which may need a few months to start earning. people were just waaay too greedy. and the crash has totally screwed all people like that and made it so people like me have now got the bull by the horns and already know what it's like to have its horns up your behind, so we know not to fail to be diligent this time. even google, the biggest of us. everyone on our team will do everything to ensure the banks, the property merchants and all other evildoers who have been making this a feudal society stay financially suffocated. as for their stooges in our turf, people like facebook, myspace, etc - they are nothing. they can be wiped out overnight. google on the other hand...

hairygunther. greed is not the problem with capitalism. Capitalism is the most perfect system ever though of. The problem is when government interferes with the free market. The current housing crisis is because of government. Government forced banks to make loans to minorities through the fair housing act and numerous others.

Theres really no way to stop inflation, Its a thing that happens all the time!
But, what you do during the crisis is what can help.

& you guys are right, greed is in our blood.