The Cellar  

Go Back   The Cellar > Main > Politics
FAQ Community Calendar Today's Posts Search

Politics Where we learn not to think less of others who don't share our views

Reply
 
Thread Tools Display Modes
Old 01-31-2010, 02:29 PM   #1
squirell nutkin
has a second hand user title
 
Join Date: Feb 2006
Location: in a Nut House
Posts: 2,017
you might want to google "money as debt" and watch the youtube video about the subject. good intro.
__________________
And now I'm finished posting.
squirell nutkin is offline   Reply With Quote
Old 02-01-2010, 12:45 PM   #2
piercehawkeye45
Franklin Pierce
 
Join Date: Oct 2006
Location: Minnesota
Posts: 3,695
Quote:
Originally Posted by squirell nutkin View Post
you might want to google "money as debt" and watch the youtube video about the subject. good intro.
Good video if you cut out all the conspiracy theory crap. But thanks.

Quote:
Originally Posted by Clodfobble
Things only get bad for the bank (and for your friend too, incidentally) when houses start going empty--because single people start consolidating into roommate situations, unemployed people move back in with relatives, college-age kids decide not to move out into their own apartment after all, etc.
I guess this is what I'm trying to get at. I'm still trying to sort through Squirell's video by verifying the truthful parts with outside sources but the way I understand it is that loans and credit are what keep our economy growing and if credit scores are so bad that people stop taking out loans, wouldn't that greatly hurt the economic growth of the country? On a slight tangent, our current recession is due, at least in part, to the lack of loans out in the housing market?
__________________
I like my perspectives like I like my baseball caps: one size fits all.
piercehawkeye45 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 03:54 PM.


Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.