The Genius of Mutual Indebtedness

Discussion in 'Economics' started by Tsing Tao, Jun 13, 2012.

  1. No NO!! He's got it all WRONG!!

    If I am a creditor, that means I'm a SOPHISTICATED INVESTOR, which means I should be GUARANTEED REPAYMENT.

    Even when I loan oodles of money to a country known for using fake grass swimming pool tarps to hide the pools from tax assessors in helicopters, I am loaning them all that money SOPHISTICATEDLY!

    Therefore it was a SMART, SOPHISTICATED decision, for which I am due full repayment, with interest.....

    And a big bonus.

    :D
     
    #11     Jun 14, 2012
  2. achilles28

    achilles28

    Is the answer to print money and mail out checks to citizens?
     
    #12     Jun 14, 2012
  3. I think they are doing that - if you replace "citizens" with "banks". :D

    Or, they could just let those who made stupid decisions in lending money eat their losses.

    But that might be too "Capitalistic" an idea to fly....

    :D
     
    #13     Jun 14, 2012