We have know this for a decade zombiw

Nothing new

We been on morphine for FAR too long

Yeah, sure. But *then* the trick is that taking on debt and spending it wrong goes hand-in-hand.

The withdrawal will kill most of us

Thats my point too

Politicians enabling bankers enabling politicians enabling bankers enabling...

jews

GIVING bad loans should make you go bankrupt

But they DO NOT

Companies specifically target those they KNOW cannot pay

Mark Blyth is one odious leftist whom I can actually tolerate simply for the fact that he says so many true things also...

and if they default, they just toss that bad loan over the fence

You ask me? Root of the problem is "Representative Republicanism" itself, i.e. democracy.

lol

Die Juden...

get botted

I was frickin' astounded listening to AAs stream on the Boris Betrayal.

The reason the government permits banks granting bad loans is because they fear that the market will grind to a halt if banks are expected to carry the burden of a bad loan not getting paid back on time or at all.

Well, its more basic than this

let them

They think all banks will suddenly turtle up and impose near impossible conditions for someone to ever be granted a loan

It was like he was *just* realizing the actual reason "Democracy" goes haywire.

banks are a scam and so is insurance.

People accept a fundamental fallacy: they ALWAYS have the right to ignore

NI 🇳🇪 🇳🇪 ER

@Seven Proxies But they will. They're ahead of the game, so they'll just either do a Barclays or they'll immediately realize as much as they can and then fuck off to NZ.

But if there is no COMMON stake in anything, democracy fails

They will do this way, way ahead of the public. Because they're shits.

there will always be the common stake for self preservation.

self preservation is best done in groups

the larger the group, the better the chances.

also called the status quo

legalise murder

If the conservatives all leave public schools, who remains protest when teachers start saying nice things about Stalin?

legalise murder, ok but only for centrists.

yes only centrist get the right

What we are seeing was inevitble

@PhilosophicalZombie I don't think the banks that made a business out of granting bad loans have the upper hand though, because they mostly rely on government institutions to do the repossesions and freezing debtors assets and stuff.

If the government suddenly goes "Sorry, you banks get no help from us in getting money back anymore. If you granted a bunch of bad loans, then tough luck buttercup! It's not our problem" All those banks would go belly up in an instant.

no

other way around