How too solve the financial crisis
 

If gold and silver were allowed to rise the average person could use this opportunity to regain their wealth and pay down their debt. Come on people most families in this world have some sort of gold or silver. Yes even the big broker houses could dramatically regain their balance sheet this way. Then the buy outs and lending practices could be reduced. The financial system would rebalance it self and the debt would not be on the shoulders of the average public for the next few generations. Come on world banks, federal reserves and G8,s lets solve this now before its too late.

Re: How too solve the financial crisis
 

What makes you think they want to solve this ? Those at the top use debt as means to control most below them, so why would they want you walking around debt free ? They have worked long and hard to make the system the way it is, and have no intent of giving up control.

And I don't know about the rest of the world, but I suspect very few families in this country have any gold or silver except for a few wearable trinkets and the occasional silver dollar Grandpa left them.

Re: How too solve the financial crisis
 

Bankers make money by creating debt out of thin air and then charging interest on it. They want there to be debt. If debts started getting re-paid, they would not be making any money.

Re: How too solve the financial crisis
 

Sorry - I disagree from the research I have done in classes over the years........most have a piece of jewelery or three - but thats it.

A survey was done that showed less that 50% of the population have ever held an ounce of gold........last week I run the test (I run it each class) and out of all the adults there, only 1% had, and only cause they had been in another class I taught when I passed an ounce around then. (Normally its 1-2 out of ten people.)

And even odder - the same percentage have held an ounce of silver!!!


Exactly what I have discovered.......

Re: How too solve the financial crisis
 

Is this your attempt at sarcasm? Really? You don't believe they want to fix this mess, do you? They MADE this mess. As for the 'average person,' most of them are too busy watching sports or shopping to pay any real attention to what is going on. Many of those paying some attention are only doing so because they are waiting for their handout.

Re: How too solve the financial crisis
 

Here's my original idea:


-=Simple Solution=-

Take that $700B, split it up into chunks of $50K, and distribute it between all the young people that got screwed buying their first house and the young people who've been locked out of the housing markets due to high prices. The funds are only to be used to reduce the balance of their existing first-time home loan OR as a down-payment for a first-time home loan.

Obviously, this would have to be well regulated with restrictions so the funds would reach affected group and stave off misappropriation. The numbers listed are not static and could be adjusted in whatever way; But, the basic point remains.

Effect: This would help and create a total of 2,000,000 loans, stave off foreclosures, AND recapitalize the banks.

Re: How too solve the financial crisis
 

Why not just give every homeowner/renter a $10,000 per year tax exemption for legitimate housing expenses?

Because the bankers and Wall Street wouldn't benefit, that's why.