The Debt Prison

Skybird · 11-16-12, 01:24 PM

http://www.spiegel.de/international/...404-druck.html

Well written. I tend to agree with most of it.

the_tyrant · 11-16-12, 02:14 PM

Meh, you borrowed money, you can't pay back, the debtors control your fate

Sailor Steve · 11-16-12, 03:05 PM

Quote:

Originally Posted by the_tyrant

Meh, you borrowed money, you can't pay back, the debtors control your fate

The creditor is the one who lends. The debtor is the one who owes.

Red Brow · 11-16-12, 05:50 PM

since debt is such a nasty little thing, why did Germany loan?

Catfish · 11-16-12, 05:56 PM

Catfish · 11-16-12, 05:59 PM

Quote:

Originally Posted by Sailor Steve

The creditor is the one who lends. The debtor is the one who owes.

Only, that the 'creditor' does not actually lend money any more. He or it, lends numbers. This 'money' does not exist, but electronically.
But you as the debtor need real money to pay it back. You owe them, they own you. Catch 22.

the_tyrant · 11-16-12, 06:17 PM

Quote:

Originally Posted by Sailor Steve

The creditor is the one who lends. The debtor is the one who owes.

Oh, crap

And to think that I typed that comment in economics class.

Sailor Steve · 11-16-12, 07:19 PM

Quote:

Originally Posted by Catfish

Catch 22.

But I want to fly!

Oberon · 11-16-12, 07:53 PM

Quote:

Originally Posted by Sailor Steve

But I want to fly!

That's some catch that Catch-22!

nikimcbee · 11-16-12, 08:01 PM

Quote:

Originally Posted by the_tyrant

Oh, crap

And to think that I typed that comment in economics class.

Hopefully that won't be on the test. That's what you get for goofing off in class.

STEED · 11-17-12, 01:05 PM

For Skybird

You may or may not find interesting.

Why are we bailing out the banks? Part One. The Simple Answer.
http://www.golemxiv.co.uk/2012/10/wh...simple-answer/

Why are we bailing out the banks? Part two. Theory, Ideology and Failure.
http://www.golemxiv.co.uk/2012/10/wh...y-and-failure/

Why are we bailing out the banks? part three – Lies and Opposition
http://www.golemxiv.co.uk/2012/10/wh...nd-opposition/

Why are we bailing out the banks? – Part Four – What happens now?
http://www.golemxiv.co.uk/2012/11/wh...t-happens-now/

BTW: Interesting article that was you posted.

Skybird · 11-17-12, 01:33 PM

Thanks Steed, I have bookmarked them and read them later, I just came back from town.

Skybird · 11-17-12, 07:24 PM

Good read, Steed. Just that I do not share the authors' "relative optimism" expressed at the end, on people not letting "it" happen. The establishment is too powerful as if it must allow its privileges and wealth and power being put in question without setting up a hell of a fight. So either people let it happen, and the result will by tyranny, or they do not let it happen, then the result will be revolution: and a damn huge and bloody one with unclear winners.

Either ways, the future will be nasty. Very.

STEED · 11-18-12, 07:13 AM

Hey I found something Skybird enjoyed reading.

I agree his findings are interesting but he dose think there still could be some hope but I think hope has long passed by now. Batten down the hatches its only going to get worst.

Next up...the paper money apocalypse.

Sorry I mean the paper IOU apocalypse.

11-16-12, 01:24 PM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,609 Downloads: 10 Uploads: 0	The Debt Prison http://www.spiegel.de/international/...404-druck.html Well written. I tend to agree with most of it. __________________ If you feel nuts, consult an expert.

11-16-12, 02:14 PM	#2
the_tyrant Admiral Join Date: Jun 2010 Location: Canada Posts: 2,272 Downloads: 58 Uploads: 0	Meh, you borrowed money, you can't pay back, the debtors control your fate __________________ My own open source project on Sourceforge OTP.net KGB grade encryption for the rest of us

11-16-12, 05:50 PM	#4
Red Brow A-ganger Join Date: Mar 2012 Location: Colorado Posts: 72 Downloads: 0 Uploads: 0	why since debt is such a nasty little thing, why did Germany loan?

11-17-12, 01:05 PM	#11
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	For Skybird You may or may not find interesting. Why are we bailing out the banks? Part One. The Simple Answer. http://www.golemxiv.co.uk/2012/10/wh...simple-answer/ Why are we bailing out the banks? Part two. Theory, Ideology and Failure. http://www.golemxiv.co.uk/2012/10/wh...y-and-failure/ Why are we bailing out the banks? part three – Lies and Opposition http://www.golemxiv.co.uk/2012/10/wh...nd-opposition/ Why are we bailing out the banks? – Part Four – What happens now? http://www.golemxiv.co.uk/2012/11/wh...t-happens-now/ BTW: Interesting article that was you posted. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

11-17-12, 01:33 PM	#12
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,609 Downloads: 10 Uploads: 0	Thanks Steed, I have bookmarked them and read them later, I just came back from town. __________________ If you feel nuts, consult an expert.

11-16-12, 05:56 PM	#5
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 17,766 Downloads: 38 Uploads: 0

11-17-12, 07:24 PM	#13
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,609 Downloads: 10 Uploads: 0	Good read, Steed. Just that I do not share the authors' "relative optimism" expressed at the end, on people not letting "it" happen. The establishment is too powerful as if it must allow its privileges and wealth and power being put in question without setting up a hell of a fight. So either people let it happen, and the result will by tyranny, or they do not let it happen, then the result will be revolution: and a damn huge and bloody one with unclear winners. Either ways, the future will be nasty. Very. __________________ If you feel nuts, consult an expert.

11-18-12, 07:13 AM	#14
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Hey I found something Skybird enjoyed reading. I agree his findings are interesting but he dose think there still could be some hope but I think hope has long passed by now. Batten down the hatches its only going to get worst. Next up...the paper money apocalypse. Sorry I mean the paper IOU apocalypse. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

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