JP Morgan Chase CEO warns of US defaulting
It would be a "moral disaster" if the United States were to default on its debts and become unable to pay its obligations, JPMorgan Chase & Co.
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#1 May 20, 2011
The capitalism system as conceived in the last century is quite mature for a drastic change. The US can never pay back its debts unless printing of money over money (what is realistic speaking 1 USD ?..Just a digit number with no back up of any countervalue that makes sense to the human being's life) which will turn in high inflation eating the saving and the assest of 98% or more of entire world population linked to the USD . The system needs to create a new monetary platform system,disconnected from the actual old system and with ethic rules to be fully respected.In few words people(financial analyst ,advisor,operators et) sitting in front of computers and gambling between them with the money of common people ,inventing mathematics deals(futures)that have nothing to do with human being life are bringing straight the humanity to a mathematic unmoral disaster.You do not need to be Einstein to understand it..but you need to be a crook and egosit to continue on keeping going in the financial market as today,and not planning a different ethical monetary system to prevent the mathematic default we are in.
#2 May 20, 2011
What a bunch of crap Andrea.
If our money is so worthless, why do people keep buying our debt? Is the EURO stable? How many European countries are massively in debt and will need a bailout because of their miserable operations.
Ethics? Half of Europe and most of Asia is run by crooks. Don't even get me started with African countries.
As for the US, we need to stop funding foreign countries, relocating their refugees here at the taxpayers expense, stop thinking that health insurance is a guaranteed right, and stop letting foreign governments fudge our currency valuation.
Want to discuss Italian ethics?
#3 Jun 3, 2011
all THE REAL ESTATE THAT WAS OF WAMU
SHOULD BE DISTRIBUTED BETWEEN THE CREDITORS.
THAT IS WHAT THE JUDGES MUST DO!
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