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John Burns

Posted 2/24/2015 16:00 (#4411017 - in reply to #4410020)
Subject: RE: Next economic question. WHY is debt so prevalent throughout the world today?

Pittsburg, Kansas

Agreed.

The banking excesses and excessive credit creation of the Roaring Twenties let to the great bust of the Great Depression. Which also led to the Glass-Steagall banking act of 1933 so the banking crisis would not happen again.

By 1999 it had been repealed, and again here we are.

All the financial "innovations" since the repeal just allowed the Roaring Twenties on steroids to happen.

John

Next economic question. WHY is debt so prevalent throughout the world today? - Alberta Farmer : 2/24/2015 02:26
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - Jeff Sr. : 2/24/2015 04:18
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - redoak : 2/24/2015 05:54
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - Irrigate NE : 2/24/2015 06:22
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - John Burns : 2/24/2015 07:03
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - ccrnck : 2/24/2015 07:31
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - Von WC Ohio : 2/24/2015 08:43
    - RE: Next economic question. WHY is debt so prevalent throughout the world today? - John Burns : 2/24/2015 16:00
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - cfdr : 2/24/2015 09:25
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - pknoeber : 2/24/2015 06:37
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - Tim in WI : 2/24/2015 06:42
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - Von WC Ohio : 2/24/2015 07:55
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - mafrif : 2/24/2015 09:41
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - linsal : 2/24/2015 06:50
- those who control the money supply make lots of money and governments always want to overspend - John Burns : 2/24/2015 06:52
  - RE: those who control the money supply make lots of money and governments always want to overspend - Cottonman1964 : 2/24/2015 07:47
    - RE: those who control the money supply make lots of money and governments always want to overspend - cfdr : 2/24/2015 10:53
    - RE: those who control the money supply make lots of money and governments always want to overspend - John Burns : 2/24/2015 12:09
    - A better answer - John Burns : 2/24/2015 13:18
      - a reference before all the flames come - John Burns : 2/24/2015 13:28
        
        RE: a reference before all the flames come - cfdr : 2/24/2015 14:02
        
        RE: a reference before all the flames come - John Burns : 2/24/2015 16:13
        RE: a reference before all the flames come - 99MAX : 2/24/2015 16:25
        
        RE: a reference before all the flames come - cfdr : 2/24/2015 16:48
        RE: a reference before all the flames come - John Burns : 2/24/2015 16:53
  - RE: those who control the money supply make lots of money and governments always want to overspend - cfdr : 2/24/2015 11:03
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - Pat H : 2/24/2015 07:25
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - sbark : 2/24/2015 07:34
    - RE: Next economic question. WHY is debt so prevalent throughout the world today? - Cottonman1964 : 2/24/2015 07:50
      - RE: Next economic question. WHY is debt so prevalent throughout the world today? - sbark : 2/24/2015 08:36
      - RE: Next economic question. WHY is debt so prevalent throughout the world today? - DaveSD : 2/24/2015 08:36
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - Von WC Ohio : 2/24/2015 08:28
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - unlgrad : 2/24/2015 09:50
    - RE: Next economic question. WHY is debt so prevalent throughout the world today? - John Burns : 2/24/2015 12:25
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - OldMcdonald : 2/24/2015 12:30
    - RE: Next economic question. WHY is debt so prevalent throughout the world today? - John Burns : 2/24/2015 15:50
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - DaveMk : 2/24/2015 09:21
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - Alberta Farmer : 2/24/2015 09:37
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - cfdr : 2/24/2015 11:13
  - Living within our means - John Burns : 2/24/2015 12:59
    - RE: Living within our means - cfdr : 2/24/2015 14:13
      - RE: Living within our means - John Burns : 2/24/2015 16:27
        
        RE: Living within our means - cfdr : 2/24/2015 16:50
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - cfdr : 2/24/2015 11:23
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - Von WC Ohio : 2/24/2015 13:46
    - RE: Next economic question. WHY is debt so prevalent throughout the world today? - cfdr : 2/24/2015 14:16
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - idea1947 : 2/24/2015 19:03
    - RE: Next economic question. WHY is debt so prevalent throughout the world today? - cfdr : 2/24/2015 19:21
      - RE: Next economic question. WHY is debt so prevalent throughout the world today? - Von WC Ohio : 2/24/2015 19:42
- "Because They Can" - OldMcdonald : 2/24/2015 12:27
  - RE: "Because They Can" - cfdr : 2/24/2015 12:40
    - RE: "Because They Can" - OldMcdonald : 2/24/2015 14:27
      - RE: Ha! I like it. - cfdr : 2/24/2015 14:57
      - RE: "Because They Can" - rupert : 2/24/2015 20:46
    - RE: "Because They Can" - FF-Feeders : 2/24/2015 14:58
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - idea1947 : 2/24/2015 18:45
  - RE: Next economic question. WHY is debt so prevalent throughout the world today? - John Burns : 2/24/2015 19:04
    - RE: Next economic question. WHY is debt so prevalent throughout the world today? - idea1947 : 2/24/2015 19:09
      - RE: Next economic question. WHY is debt so prevalent throughout the world today? - OldMcdonald : 2/24/2015 19:28
        
        RE: Next economic question. WHY is debt so prevalent throughout the world today? - idea1947 : 2/24/2015 20:11
        
        RE: Next economic question. WHY is debt so prevalent throughout the world today? - zenfarm : 2/24/2015 20:54
        
        RE: Next economic question. WHY is debt so prevalent throughout the world today? - idea1947 : 2/24/2015 21:14
        
        Wow. SMH. - OldMcdonald : 2/24/2015 22:13
        
        RE: Wow. SMH. - Cottonman1964 : 2/25/2015 10:54
        
        RE: Next economic question. WHY is debt so prevalent throughout the world today? - turbo diesal : 2/25/2015 11:47
        
        RE: Next economic question. WHY is debt so prevalent throughout the world today? - Alberta Farmer : 2/25/2015 12:00
        RE: Next economic question. WHY is debt so prevalent throughout the world today? - idea1947 : 2/25/2015 13:56
        
        RE: Next economic question. WHY is debt so prevalent throughout the world today? - turbo diesal : 2/26/2015 13:26
- RE: Next economic question. WHY is debt so prevalent throughout the world today? - wkyfarmin : 2/25/2015 08:19

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