The Instigator
denalozano
Pro (for)
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The Contender
SteveTM
Con (against)
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US Banking System Today

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Voting Style: Open Point System: 7 Point
Started: 12/5/2013 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 421 times Debate No: 41776
Debate Rounds (3)
Comments (1)
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denalozano

Pro

Throughout history the effects of the economy have caused the United States to go in and out of debt, you will see a pattern in the beginning of the Early bank Era of failure, to the Free Banking Period where we failed again. When the United States became an Independent Nation, we did not have a Central Banking System. We went through a few different stages to try and perfect the system. We started in the Era of the Early Banking System, then the Free Banking Era, followed by the National Banking Era and last but not least on to the Federal Reserve Era that we are still in today. It was not until the Federal Reserve System came where we have finally seem to have found a currency that works for everyone; this is the system we use today. Today we have one currency. The US Banking System plays a very important part in our everyday life. It is important to keep the banking system going throughout the country to keep the flow of money going. People in our country are not going to work for free. If there is no money to pay people then we will fall back into a recession.
SteveTM

Con

The " harmony " of the U.S. banking system or the so-called American Dream, suggests by its name, it is a dream. However, to understand the reality , we must examine the anatomy of the system. A key feature is the formulation and famously , the daughter of standardization is the signature . The bank has two responsibilities . First, the service of saving and safeguarding the money of citizens. Secondly , the borrowing. Noteworthy, that the internal organization of the bank shows disproportion of money for the ability of borrowing (in middle economic class) and i will explain this. How to finance the bank? Essentially , there is a debt arising from the loan , together with interest . The sale of debt based on synonym, debt = money . Therefore , the more debt is more exclusive money. The fastest tool of enrichment are credit cards, which with the bulk refinancing , the citizen understands the concept of free money . The connection is as follows : Citizen borrows from the bank and the bank borrows from the FED. Regarding the FED, I would say that is a place in which citizens , the Supreme Court , Congress , the CIA, the DIA, the FBI, the ATF, the BTE and NBC forbidden to enter. A place so opaque considered reliable economic factor of the public interest ? Clearly not, since the FED is a private economic existence consisting of shares. How FED finds the money; National Mint undertakes cutting money , which is the main cause of the swelling debt of America . This is unconstitutional , seeing as those who know the rules, Treasury holds service version of control the money. We conclude that the FED lends to the government, which imposes tax on citizens and transfer the technical debt of transactions to them . At this point , society is responsible, after showing samples ignorance . In the past , namely the era of exchange trade , there was the problem ( arbitrary ) of costing the products . The emergence of gold as a meaning of easier trade , seemed ideal . Because the amounts were exposed ( thieves ), the founder of money created the vault , which provided security at the cost . Moreover , the large accumulation created the need of debit cards, which were playing the role of gold. The imbalance of these papers with real gold , increase their interest and create an artificial inflation in the market to ensure greater capital flow. If all citizens demanded the money back , what was the answer ? ! This is the first appearance of the health and successful course of the U.S. banking system , which has expanded into Europe and Africa. The sole objective is the enslavement of nations , and then of America .
Debate Round No. 1
denalozano

Pro

denalozano forfeited this round.
SteveTM

Con

SteveTM forfeited this round.
Debate Round No. 2
denalozano

Pro

denalozano forfeited this round.
SteveTM

Con

SteveTM forfeited this round.
Debate Round No. 3
1 comment has been posted on this debate.
Posted by Alistad09 3 years ago
Alistad09
A little thing some people call the great depression ;)
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