"JPMorgan Restricts New Student Lending to Bank Customers"
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- resource crunch... check
- trillions in derivatives... check
- evils of fractional reserve banking... check
- something new from paenggoy other than those things done ad nauseum in all his threads.... ummm
Itís hard to sell socialism. It has failed the test of time. The former Marxist-Leninist socialist Eastern European bloc is now capitalist. The non-Marxist-Leninist socialist European countries like France, Sweden, Norway and Denmark which have cradle to grave benefits are finding they can no longer afford many of their socialist benefit programs. China and Cuba are turning capitalist, although they just donít admit it. Thereís really nothing new about socialism. Its appeal is in the eye of the beholder. Honestly, I prefer to live and work in a capitalist country like the United States.
Also, the rest of your post is very much outdated as both China and Cuba have been state capitalist for some time. What you did not mention is that the U.S. economic crisis has now spread to Europe, and is now affecting China and other parts of Asia, leading to one credit crunch after another and met by one QE after another offering fewer cents for each dollar spent. What is the effect of such? Read the articles linked above.