[citation][nom]thebski[/nom]There is a reason we let economists handle the economy.You can't let the banks fail. What happens when you let the banks fail? See 1930. I'm not going to get into all the economics behind it, but that's what happened.Are the banks being ran properly? That's a different argument entirely, but people would throw an absolute fit if the government had control of the major banks. This is the alternative they get.[/citation]
that's what happens when you let people create money out of thin air, and not backed by something hard like gold or diamonds or other precious resources. you put your trust that the credit they issue you in place of your currency will have value and continue to have value.
when they start screwing with the value of your money you stop trusting them and pull everything out before they have lost all trust and stolen every thing.
that's what causes banks to collapse, when they don't have enough hard resource to meet the demand for with drawl of credit.
money doesn't grow on trees and money should never be conjured up out of thin air.
credit is nothing more then faith, like faith in god, jesus or allah, the pagan gods, the greek gods or in intelligent design, darwins theory, or there being a reason for life.
with out faith there is nothing to give respect and credit for.
stop trusting people whose jobs it is to steal your money, nickles dimes, pennies, dollars or homes with, they are no different then the other thieves.
thieves used to be stopped by killing them, once you stop killing them they think its perfectly okay to keep stealing.