Comments on: IMF Expected to Bailout Iceland, Hungary, Ukraine, is the US Next? http://www.rapidtrends.com/2008/11/05/imf-expected-to-bailout-iceland-hungary-ukraine-is-the-us-next/ Lets talk about why Fiat Currency and Inflation is Bad Juju Fri, 09 Apr 2010 13:35:51 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Alex Stanczyk http://www.rapidtrends.com/2008/11/05/imf-expected-to-bailout-iceland-hungary-ukraine-is-the-us-next/comment-page-1/#comment-2506 Alex Stanczyk Fri, 07 Nov 2008 14:16:35 +0000 http://www.rapidtrends.com/blog/2008/11/05/imf-expected-to-bailout-iceland-hungary-ukraine-is-the-us-next/#comment-2506 Hello Anusha and thank you for the comment. If you study history, you will see that economies have grown in two possible ways: 1. By savings, which is then pooled for improvements in capital investment, plant, research, and equipment, or to fund new ventures. 2. By credit and debt. In the first scenario, bankers have no role to play whatsoever. In the second however, they are relied upon. Read Thomas Edison's quote at the end of this page for a better explanation if you are interested: http://www.rapidtrends.com/blog/quotes-from-international-bankers-and-fathers-of-america/ Hello Anusha and thank you for the comment.

If you study history, you will see that economies have grown in two possible ways:

1. By savings, which is then pooled for improvements in capital investment, plant, research, and equipment, or to fund new ventures.

2. By credit and debt.

In the first scenario, bankers have no role to play whatsoever.

In the second however, they are relied upon.

Read Thomas Edison’s quote at the end of this page for a better explanation if you are interested:

http://www.rapidtrends.com/blog/quotes-from-international-bankers-and-fathers-of-america/

]]> By: Anusha http://www.rapidtrends.com/2008/11/05/imf-expected-to-bailout-iceland-hungary-ukraine-is-the-us-next/comment-page-1/#comment-2505 Anusha Fri, 07 Nov 2008 05:07:00 +0000 http://www.rapidtrends.com/blog/2008/11/05/imf-expected-to-bailout-iceland-hungary-ukraine-is-the-us-next/#comment-2505 'It is true that in credit driven capital economies founded on debt-based money issued by central banks, bankers are essential. ' What are alternate engines of an economy if not credit? ‘It is true that in credit driven capital economies founded on debt-based money issued by central banks, bankers are essential. ‘

What are alternate engines of an economy if not credit?

]]>