Comments on: Area Bank Fails, Seized By FDIC

By: David Huie Green

David Huie Green — Tue, 13 Sep 2011 16:36:05 +0000

Capitalism itself is not a form of government. It is a means of using money to make more money. For instance, if you spend money to buy better seed, you have more to sell when harvest time comes. Simple capitalism but note some work is involved between purchase and sale.

Another example of capitalism is spending money to buy and begin a business whether it is a sewing business, restaurant, pool hall, sawmill. It assumes income will be enough to repay the initial investment. Sometimes that doesn’t happen. People start buying most of their clothing ready made from some other place. People quit eating out. Folks abandon pool for XBOX or whatever. The price of timber drops or people quit using wood for construction or build less.

Sometimes banks make bad loans which don’t pan out. Make enough of them and the bank goes under.

All that said, whether we have capitalism or not, we have laws separate from form of business. We have speed limits for roads — even if they’re ignored. We have restrictions on what people can sell and on purity of consumables. We don’t allow some businesses in some places.

Some of these restrictions are reasonable, some are not. They do not mean we have or don’t have capitalism.

One basic part of capitalism which is affected by government is the concept of private property. If you don’t own what you earn, you have no reason to invest time and money. Communism and socialism have reduced concepts of personal property and as a result they have to use force to get people to put out effort. Force eventually fails and government collapses or changes. (Usually the latter.)

David for private property and freedom

By: PSU1Earl

PSU1Earl — Mon, 12 Sep 2011 22:07:14 +0000

“Folks we got to take the government and give it back to the people.”

That in itself is a communist statement…lol… I truly believe there are few people that actually know what communism is…

Are you meaning to say, “the governement should turn to pure capitalism?”, that’s the actual basis for most statements of the tea-party types… basically a two teir system of rich and poor… those that have and those that work…

Or do you mean, a true democracy, where people vote on every issue and all votes are equal… A seemingly impossible task, but there have been many ideas on how to do it… but this would not over rule many parts of communism or capitalism since democracy is just an intrument to reach decissions…

By: Polythenepam

Polythenepam — Mon, 12 Sep 2011 21:59:05 +0000

Has anyone noticed that the width of a roll of toilet tissue is shrinking too? I buy in quantity and am rarely home so an extended period of time goes by between purchases, but the shelf I put it on hasn’t changed and I noticed it .They know we read the sheet count but they think we won’t notice a quarter inch, LOL
The banks charge for EVERYTHING. What are they doing with all that money? Oh yeah I know they lend it to people that want to pay 3 times what the value is of a house because someone bought it for 50 grand and thinks they should sell it for 150 grand, greed has killed this country now those houses are only worth 50 grand again and look who’s holding the bag!!! The BANK because we can’t pay for it if we don’t have jobs Mr. Obama…… ps quit giving the banks our money if they mishandled loans and over valued collateral then they deserve to go out of business.

By: Endtimes Anyone?

Endtimes Anyone? — Mon, 12 Sep 2011 21:00:34 +0000

Let’s see….bury my money in the back yard in a jar might be safer and pay cash for everything. I’m not earning interest anyway. I have to pay billst too quick to leave it in the bank. But the companies are forcing us to have automatic deposit…..either way you look at it…they gotcha. And you can’t cash a check for YOUR OWN MONEY anywhere without a fee….Come Soon Lord Jesus!

By: bmr

bmr — Sun, 11 Sep 2011 15:36:45 +0000

You can thank the communist leaders such as obama ,biden and the whole acorn gang .Folks we got to take the government and give it back to the people.

By: 429SCJ

429SCJ — Sun, 11 Sep 2011 00:46:28 +0000

I hope a good christian leader emerges, one with good soild American core values. I would really like to see Greg Evers run for the US Senate. I think Mitt Romney is going to be my choice for 2012. I know he is a Mormon, but he is in a monogamous marriage, and appears to have a stable family, and good managerial skills. And moreover I am of the opinion National Defense should be left to the Joint Chiefs of Staff.

By: Concerned citizen 44

Concerned citizen 44 — Sat, 10 Sep 2011 18:02:38 +0000

Well pretty scary ….I am a small business owner and may have to close my doors soon. People think things are getting better. in reality, trust me they are not. Packaging is smaller and cost more …for instance .. 2 years ago I paid about 58 bucks for 30 pounds bacon now … 30 pounds is 118.00 and the bacon is not the same quality same packing company though. Worried is not the word for how I feel right now…. Scared to death is more like it. …. Just saying ….

By: 429SCJ

429SCJ — Sat, 10 Sep 2011 15:56:44 +0000

Hello Molino Jim. When the Yuan, replaces the dollar as the World Reserve Currency, look out. Inflation is going to explode. I ordered a large pizzia the other nigh and I am sure it was smaller that a few months ago, when I last ordered. The prices on everything is going up and, packages are getting smaller. I cannot remember the last time I saw a cost of living increse. It is more difficult every month to be altruistic. I have cut my recreactional driving and look for ways to reduce operatiing cost. I pray we are not reduced to the survival level, as a society in general.

By: molino jim

molino jim — Sat, 10 Sep 2011 15:02:19 +0000

MY BAD ON THE BANK WEB SITE. Try “ProblemBankList” . The local bank group was sold to a Ga. bank group the same week that the FED had to close two other bank groups in Ga. We may be in more trouble than we know.

By: molino jim

molino jim — Sat, 10 Sep 2011 12:37:08 +0000

429SCJ—You are right on this. There are several local banks that have over loan and have been advised to get their houses in order. Take a look at “bankcheck.com” to see how your bank is doing.