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DeLorenzo lays down the smack!

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Old Nov 27, 2008 | 11:35 PM
  #1  
Z284ever's Avatar
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DeLorenzo lays down the smack!

http://www.autoextremist.com/

Tried to post it, but wouldn't let me.
Old Nov 28, 2008 | 12:02 AM
  #2  
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Yep, that good old double standard at work again!

Banks Rule! The rest can go **** themselves!
Old Nov 28, 2008 | 12:21 AM
  #3  
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Spot on as usual!

Hey, has anyone here read Peter M. DeLorenzo's book "The United States of Toyota"?

Looks like it could be an interesting read.
Old Nov 28, 2008 | 10:22 AM
  #4  
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Peter's column should be required reading for those who represent us.
Old Nov 28, 2008 | 10:51 AM
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Great article!!!

It's become painfully obvious to me that the banking industry runs this country instead of the other way around.

I've said it before & I'll say it again. Watch the movie Zeitgeist. It talks about the very things that are happening right now. And the movie came out some time ago. Here's the link.
http://www.zeitgeistmovie.com/
Old Nov 28, 2008 | 10:32 PM
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Originally Posted by HuJass
Great article!!!

It's become painfully obvious to me that the banking industry runs this country instead of the other way around.

I've said it before & I'll say it again. Watch the movie Zeitgeist. It talks about the very things that are happening right now. And the movie came out some time ago. Here's the link.
http://www.zeitgeistmovie.com/
There is a second one now as well called "Addendum"

Very thought-provoking stuff.
Old Nov 29, 2008 | 08:38 AM
  #7  
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Originally Posted by HuJass
It's become painfully obvious to me that the banking industry runs this country instead of the other way around.
That should have been obvious to anyone in the US who's ever had to apply for consumer credit, and for those that have had to deal in the business credit market, they get beaten over the head with this fact on a daily basis.

We made a decision in this country a few decades ago that banking would be our "core" industry. When this country's largest manufacturing businesses have balance sheets of a hundred billion or so and the banks have balance sheets ten times that size, it's pretty clear to me that there is undue confidence placed in the banking industry.

Hell, when GM still owned GMAC, the finance arm represented over 60% of GM's total assets
Old Nov 30, 2008 | 11:34 AM
  #8  
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Thumbs up

Very good article!
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