Tuner38’s Blog › Nationalize the Debt

The government says,” It may have to nationalize the banks.”  The banks are usually a depository of assets that they loan a percentage of to earn money to stay in business.  Since the government has no depository of assets it can loan a percentage of they must think a huge national debt will be an adequate substitute.  But if this is true why not just declare all that is necessary to be bank is to have a lot of debt.  Now all who are in debt can declare themselves to be a bank and loan themselves money to alleviate their debts.  Think this won’t work?  Then what makes you think spending more will get the nation out of debt?  Wake up.

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