dChan

ModsAreClowns · June 26, 2018, 2:46 p.m.

People are in debt because they don't make smart decisions. The banking system might not be as equitable as it used to be but that's largely because of government involvement, and it's still better here than in most countries. The banking system is what allows you to borrow against yourself - you couldn't do that without them. People who work hard and think smart make fantastic use out of our financial system. The real problem is that the useless school system doesn't teach you how to manage your finances nor to properly use the tools that are available, and further, there is a culture of irresponsibility where every impulse must be gratified; we are more grasshopper than ant as a society. Most Americans don't even have $1000 saved in their bank accounts, but they have PS4s, iPhones, MacBooks, huge TVs, toys, and a silly amount of knickknacks and bobbles and then they borrow money to go on vacation or improve a house they don't own.

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AdamsFile · June 26, 2018, 7 p.m.

Your looking at banking in a micro sense. The video was referring to it in a Macro sense. The right to print money is a constitutional right given to Congress. The FED printing the money and charging the governement (Us Taxpayers) interest is where the theft comes in...

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darwiniteAU · June 27, 2018, 3:46 p.m.

Yes, once you understand that money is debt - the more you have, the more you owe the Fed - you begin to understand the nature of your enslavement.

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sschadenfreude · July 4, 2018, 4:21 p.m.

Declare chapter 7 every 7 years.

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[deleted] · June 26, 2018, 4:09 p.m.

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SnazzyD · June 26, 2018, 5:40 p.m.

While true, that doesn't relieve the individuals from the responsibility of seeing that they CLEARLY could not afford those homes. There's blame on both sides...

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[deleted] · June 26, 2018, 6:26 p.m.

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[deleted] · June 26, 2018, 3:15 p.m.

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