The ugly elephant in the room that the government and media ignore.

Discussion in 'Markets & Economies' started by Shaddam IV, Mar 31, 2020.

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  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Banks do that probably even more often: creation of credit without backing (fractional reserve...).

    It's sad that during crises, the people suffer a lot, while the banks keep getting saved. This leads to social unrest, riots.

    Taxing the banks would not lead to social unrest. But it would upset the EU and the IMF.
     
    TreasureHunter, May 4, 2020
    #41
  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Taxing banks would not lead to social unrest. But I’ve got no idea what the EU has to do with it and it’s got nothing to do with the IMF.
     
    mmm....shiney!, May 4, 2020
    #42
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    You on the hooter again?
     
    mmm....shiney!, May 4, 2020
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