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EScroogeJr (< 20)

Nobody ever lost money by overestimating the stupidity of the American people

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April 14, 2008 – Comments (5)

Suppose I asked you for a $100 loan, and promised to pay you back $83 by the end of the year. What, do you think I am crazy to approach you with such a proposal? It appears that the American people find this deal sufficiently attractive. We have the Federal Reserve that is diluting the value of the dollar by 20% a year. And we have the banking system that offers 12-month CDs at rates varying from 1.5% to 3%. And then we have the depositiors who lend their money to the banks under these terms and imagine that they are saving.

5 Comments – Post Your Own

#1) On April 15, 2008 at 1:47 AM, abitare (49.90) wrote:

I guess you could start with King George and the Central bank of England vs the American Rebellion.

Then Battle of Yorktown with General Cornwallis vs Gen George Washington.....

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#2) On April 15, 2008 at 3:57 AM, camistocks (< 20) wrote:

Yeah, let's go back to the good old times, when slavery was legal. George Washington and Thomas Jefferson were slaveholders themselves. Did you know?

Let's go and fight some battles...

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#3) On April 15, 2008 at 10:31 AM, mandrake66 (96.23) wrote:

Of the first 14 or so presidents, only the two named Adams weren't slaveholders.

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#4) On April 15, 2008 at 11:17 AM, abitare (49.90) wrote:

camistocks,

I always like when someone throws out the "slavery"red herring. It allows you to easily determine the buffoon in the room. 

Slavery is alive and well in the world. It has taken new forms. Although instead of capturing slaves these days, it is more popular to exterminate the population. (ref American Indians, Jews, Armenians, Iraqi Kurds etc....)

The worlds most popular religion and most recognized prophet was a slave holder.

FYI - The Prophet Muhammad did not try to abolish slavery, and bought, sold, captured, and owned slaves himself. But he insisted that slave owners treat their slaves well and stressed the virtue of freeing slaves.

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#5) On April 15, 2008 at 11:35 AM, EScroogeJr (< 20) wrote:

Mohammed as a moral compass? Hmm...interesting.

:):):)

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