ATHENS, GEORGIA,
C l e a r O b s e r v a t i o n s, by Paul Olivier
They are Just temporary blurps; the important observations are in the articles, right side below.
The Veil of Wealth Envy.
Youth is by nature idealistic. It is also handicapped by minimal wisdom. In this age government education does'nt give youth chances to develop
common sense.
Their indoctrination with secular Marxist theory from those schools has clouded their mind with the veil of wealth envy that does not allow a clear view of
reality.
The historical process, called culture, that over hundreds of years produced among other, institutions we call banks, is for the youth of -occupy
whatever- a dirty word.
If they had fully developed common sense it would let them understand that the banks have money because account holders put it there rather than under their
mattress and thus making use of the offered services and bennefits. It would also let them understand that all those small account holders make it possible for banks
to loan larger amounts for the purpose of establishing or expanding businesses who can gainfully employ or make it possible for individuals and families to buy a house
or a car or maybe farm equipment or a (worthless?) college education.
Common sense would also let them understand that their has to be some reasonable expectation that those loans will be paid back to the loaners. And that there is risk involved in loaning. That therefor most loans require collateral. The car or the house someone buys can be repossessed if the agreed payments are not forthcoming. The decrease in home value is also a decrease of the collateral value and thus increases the chance of a loss, if the debter walks away from the property. It all worked reasonably well befor the government meddling disrupted the common sense process with the goal to get in favor of particular constituencies.
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Common sense would also let them understand that their has to be some reasonable expectation that those loans will be paid back to the loaners. And that there is risk involved in loaning. That therefor most loans require collateral. The car or the house someone buys can be repossessed if the agreed payments are not forthcoming. The decrease in home value is also a decrease of the collateral value and thus increases the chance of a loss, if the debter walks away from the property. It all worked reasonably well befor the government meddling disrupted the common sense process with the goal to get in favor of particular constituencies.
continue below
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INDEX
Section Index
Arts Total overhaul in progress!
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ARTICLES
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