Posts Tagged ‘Banks’

Are the current economic woes of USA tantamount to self inflicted wounds?

ez f asked:


The more you think about the true reasons for the economic collapse….not the symptons, like people losing their homes and not finding jobs….but the actual down the nitty gritty reasons why people who work for a living in the USA and who are not rich are struggling is really because policies were intended to attack that section of the population. Perhaps the perpretators did not intend these results…in some cases I know they did, but if someone says they dont want to hire you and would rather someone else and is bent to not hire you, then that puts you at a disadvantage, doesn’t it? We have to look at the obvious. Think of it like a boat out at sea that has sprung several leaks and is in danger of sinking, you have a pump and are using it to bail water but more water is coming in via the leaks than you can pump out. We have got to plug the leaks that have led to the declining real wages of american workers, and unbalanced budgets and a 14 trillion dollar national debt, and a trade deficit. We need to go to american stores and look at manfuctured items and see that most of them are made in the USA by the people who will be buying them. We need to go to places of business and see americans working, and not a bunch of foreigners imported to drive down wages . We need to have banks be banks and banks only again and to have walll street operate under common sense regulations.

This is not rocket science people…it really is not. But have you noticed how litte talk there is of so called solutions that really get down to the actual roots of the problems?

debt solutions

Will Obama be able to fix the fall out of the inflation bubble with the buy american plan?

Jerome Watson asked:


In the last 15 years imports have roase 1500% while exports dropped 11000%.The credit debt of Americans has increased along the same lines as there are fewer dollars from GDP going to workers. This meant consumption went up and industry went down. This could be compared to a poor man with baloon loan except it was the retail buisness buying jets and outsourcing customers at the same time.

When you send more then half of your growth to another country it baloons faster then a bad loan. When it fills to much with inflation and credit debt it pops. Then you have no industry, the retailer have a smaller cutomer base, and the banks have more debt then equity.

The only solution that works is to rebuild what every enemy in the world fears American industry and are workers so much better that when even threaten it the crooks around the world scream in fear.

We need to tax non American made goods in stores to make the consumer not want to buy them.

debt solutions

How to get an auto loan with no credit?

orangefirefly789 asked:


I have a 75% down payment for the car, but the remaining 25% I would have to get a loan for. It is a person selling the car… not a dealership. My problem is most banks are turning me away because I have no credit established. They say that I have to have a cosigner, but that isn’t an option for me because everyone in my family has really really bad credit. What can I do?

bad credit car loan