Economic Woes

tierk

Part of the furniture
Joined
Feb 16, 2004
Messages
2,883
Cicero said:
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.

That was Cicero in 55BC Does any of that sound familiar??

Makes you think these politicians sound the same through the ages.
 

Scouse

Giant Thundercunt
FH Subscriber
Joined
Dec 22, 2003
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38,564
It's 'cause politics and banking have been theiving through the ages...
 

xane

Fledgling Freddie
Joined
Dec 22, 2003
Messages
1,695
Banking was an renaissance idea, haven't you ever played Civ ? And banking is an essential element of wealth generation, it is not thievery.
 

ECA

I am a FH squatter
Joined
Dec 23, 2003
Messages
9,466
Thomas Jefferson said:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

Thomas Jefferson said:
In every country and in every age, the priest has been hostile to liberty. He is always in alliance with the despot, abetting his abuses in return for protection to his own.

Thomas Jefferson said:
May it be to the world, what I believe it will be, (to some parts sooner, to others later, but finally to all,) the signal of arousing men to burst the chains under which monkish ignorance and superstition had persuaded them to bind themselves, and to assume the blessings and security of self-government. All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately, by the grace of God.
I fucking love me some Thomas Jefferson.
 

Jiggs

Can't get enough of FH
Joined
Dec 22, 2003
Messages
675
Interesting times.

Raise interest rates and put home owners into negative equity? Or keep them low and run the risk of inflation spiralling out of control?
 

rynnor

Rockhound
Moderator
Joined
Dec 26, 2003
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9,353
I think they'll go for higher inflation - shrinks the defecit and avoids the pain of reposessions.

Bad days for savers though - best off putting spare cash into paying off your mortgage.
 

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