I see an economic diasater coming...

[sparks]

   Who do governments borrow money from?  They borrow it from people who do nothing but gamble for a living.  They dont produce anything transport anything provide any type of service.  They call it passive income for a reason.  You get income from being passive.  Passive means to do nothing.  Governments issue things like bonds and then pay off the bonds with interest when they mature.  The bond holders make profit doing nothing.  So people who are doing something have to give people who are doing nothing money.  The answer to the global financial crisis is to welch on all the debt.  From some poor soul working 12hours a day to stay alive to governments paying off notes and bonds.  Fuck all of em.  Wealth in an illusion.  Take the typical realestate closing.  They charge you a down payment all sorts of fees and shit called closing costs just so you can sign a piece of paper that says they can fuck you for the next 30years monthly.  They never did anything but fuck you and you have to pay for the privelege to get fucked.  Prostitution is illegal but financial rape and extortion are backedup by the law.

[the_big_m_in_ok]

@sparks
With respect to your Reply #355,

I believe, what you're referring to in mentioning 'passive income', is financial usury.  This is greed, plain and simple.  Usury and the greed which starts is in the first place have their own punishment as a reward.  In a phrase:  Economic depression.  That's over and over again.  People never learn, do they?

--Lee

[tanu]

Its an very informative thanx to share ths!


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[Azorus]

tech,

   Most governments borrow money from financial institutes.  These financial firms get there money from savings, or deposits the banks has at the time.  Each bank is given a set limit of how much of these deposits they must have on hand at all times in order to provide there customers with cash they need, the rest of the money the bank can use to lend out.  Pay attention cause this is what gets banks in trouble.  banks can invest this money anyway they choose, either through government securities or riskier gambles like hedge funds or commercial/ private loans.  Now to finish your question government securities or for the US treasure bills, can be bought and sold by banks to earn money through the "loan" loan of real money to the government.

[triffid]

to big m and everyone concerned,I heard Jim Rawles speak last night on the coming crisis.He has a very good survival blog with thousands of free articles.I spent this morning on learning which types of food and how much to store away for one person per year.Its less than you thought.http://survivalblog.com/  Check it out for yourself.triffid