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.

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!

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.

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.

11-16-12, 01:24 PM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,602 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!

11-16-12, 05:56 PM	#5
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 17,765 Downloads: 38 Uploads: 0