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Life in the U.S. in the roaring 20's was also pretty amazing for Americans -- until the crash. It was pretty great in the 90s and 2000s too, you know, until the Great Recession.
It's easy to mess around with an economy and get results that look good for a while. But it is unsustainable. Market manipulation always results in distortions in the growth of certain markets/industries and misallocations of resources. The boom is always followed by the bust. This is basic business cycle theory. I'm surprised I even have to make this point.
>Life in the U.S. in the roaring 20's was also pretty amazing for Americans -- until the crash. It was pretty great in the 90s and 2000s too, you know, until the Great Recession.
Yes, and both of those were caused by BANKS lending out depositors money instead of doing what they are supposed to do, store it. When the market crashes, people cannot pay their loan payments, and the banks fail (but their owners don't pay back the salary they've grifted over the years).
Banks lending depositors' funds are the root cause of all recent economic collapses.
Umm...no. What? Where did you get the idea that banks were only supposed to store money? So no one can borrow money to fund new companies and new projects? Ridiculous.
The banks caused crashes through fractional reserve lending -- i.e., lending out money in excess of their reserves. They invested in riskier assets than they should have because the Federal Reserve and the FDIC have their backs. The banks should fail when they don't make prudent investments, but they don't because they have special government privileges to counterfeit money (through fractional reserve lending) and government bailouts for when they fail. Also there are bank charters that are extremely difficult to get that make competition in the banking industry nearly impossible.
Banks aren't lending depositors' funds. They're lending money they don't even have, and the government permits and encourages it.
Of course, there is a way to take the banking function (i.e., lending) away from the banks in your own life, and everyone who can should be practicing it. But too few people know about it at the moment.
HAHAHAHA. You are calling me wrong, and then repeating my argument as yours.
When banks lend depositors' money, they risking lending money in excess of their reserves by definition. It doesn't matter if you allow fractional reserve lending or not "officially". When the economy tanks, if any of the borrowers cannot pay back their loans, the bank is now a fractional reserve lender anyway.
The solution is to stop banks from lending other peoples' deposits and collecting interest on the loans. They should charge a fee for the storage of money and for services, but lending out peoples' deposits should be illegal. If people or banks want to lend their OWN money, that's fine, but they accept that risk, not a depositor or 3rd party who doesn't understand the risk. This would stop the boom/bust cycle in its tracks. It would also eliminate the government/private central bank scheme of inflation theft and force transparency in government spending.
No the German economy blossomed once they kicked out the jewish central bankers. The rest of the world was/is running on a farce system. This boom and bust cycle is a Jewish banker scam to plunder your country.
Kicking out central bankers is a great idea, no matter whether they are jews or not. I don't know enough about the German economy under Hitler to comment intelligently, and I suspect that you do not either, but I do recall that Germany invaded neighboring nations and stole their gold reserves, which would certainly help to bolster an economy. Plundering other nations is not exactly a sustainable enterprise.
In any case, the boom and bust cycle is not exclusively jewish. It happens in any country where the currency and interest rates are manipulated by a central banking entity. Central banks don't exist, in fact cannot exist, if they are not put in place by government. The problem at the root is always government, and anyone claiming otherwise is either a fool or a forum slider.
You’re just trying your best to divert the blame away from Jews.
The problem at the root is always government
Yeah sure /s. It’s the govts fault and not a single person of Jewish origin had anything to do with any of it! Ignore the fact that the federal reserve has been led by kikes for 38 years straight.
I don't know enough about the German economy under Hitler to comment intelligently
Then why are you speculating that it must’ve been because of stolen gold reserves?
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