Socialism vs Capitalism

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[–]jykylsin2034 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

Sorry I wasn't clear, I meant the large international banks (rothschild). Set up instead what Germany did where they had small loans from the government with no interest and were forgiven at points for certain circumstances so you don't rack up massive debt you can never hope to pay for like here in the United States but also other places. Credit cards, student loans, for tons of people this stuff has given them a colossal amount of debt.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Yes there are models that work both ways. The Swiss have a good governmental system, with the cantons and regular referrendums. Oddly the latter they copied from California long long ago, I guess the cali government thought it was too much power in the hands of the people. Credit cards are unsecured, hence the super high interest. I don't know why people have them, they are a fraud! And you can easily default on them if you have no assets to be chased.

It's all very complex with banks, the IMF, the World Bank in Brussels controlling it all, the US central bank owned by private entities. Nothing can be done on a collective basis, you just have to break free of the rackets and be your own central bank so to speak. I haven't had a bank loan ever, and only had a CC for 6 months back when they first came in, the 1980's. You can live quite successfully without paying interest if you put your mind to it.

[–]jykylsin2034 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Yeah it's possible technically, but for the vast majority it isn't, or it isn't convenient to live interest free.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I suffered the loss of convenience for future wealth myself. If the vast majority of americans had have done likewise they wouldn't all be begging for a $600 payment to bail out their lives would they. $600? I could lose that out of my wallet and shrug it off as stupidity and a minor irritant.

When it comes to money in life you are either a free person or you are a slave to bankers and governments, there is no middle ground.