TSX:HSE.PR.B - Post by User
Comment by
Nakateon Mar 27, 2020 2:58pm
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Post# 30854041
RE:RE:RE:Now what we are seeing is WILLFUL destruction of our
RE:RE:RE:Now what we are seeing is WILLFUL destruction of ourThats the issue the banks won't lend the money to those who need it most, ever go into a bank when you are broke and ask for a loan with no colateral. You ain't getting any money, banks only like to lend money to people who don't need it. Directly putting money into the hands of people who will spend it is what the economy needs.
RagingBull3 wrote: Tell me, how does the banking system suppose to work when govenment handing out interest free loans?
might as well get that loan and use it to pay off your line of credit from the bank.
Nakate wrote: But if you think about it trillions of dollars of wealth have been wiped out as a result of the virus so its a wash, pumping money into the system to keep it from going to a far worst place of bks and defaults and grid lock is the only way to make sure that everything is still ready to function adequetly when we get to the other side. Pump the money, its the only way to stop the economy from grinding to a halt for years to come