Posted on 08/06/2010 7:27:33 PM PDT by TigerLikesRooster
Yeah, we sure are getting used to hearing a trillion dollars thrown away lately. What's the next magnitude, quadrillion? Desensitized by mind boggling amounts of money.
(Just like you said in fewer words)
Fire up the presses, only problem is too many pockets, not enough money.
I think your guess is correct.
The immediate threat if inflation will drive even more investors into equities, just as was happening last year.
Eventually this has to produce significant deflation though, since no bailout can possibly work in the long run; bootstrapping is insanity.
.
If they don’t back off and let the economy go into a depression that wipes out everyone living on credit this nightmare won’t end until long after i’m dead!
Monetary easing = Obama-speak for printing cash and giving it to Goldman buddies
the “emergency” rescue is that of Democrat pole numbers...any “stimulus” they do along those lines will have little effect on anything else...
Doesn't the Fed realize there is circa US$14 TRILLION in American-owned liquid assets sitting in offshore financial centers around the world, done to keep these assets out of the grubby hands of the IRS? How about changing out income tax laws to be something like the Steve Forbes flat tax plan at minimum, which would essentially end the payroll tax and taxes on bank savings account interest, capital gains and stock dividend payments? Such a change would encourage Americans to keep their savings and capital investments in the USA, bringing back most of that US$14 trillion sitting offshore, essentially the world's biggest "private bailout." And this "bailout" would have no effect on government debt, either.
Pretty soon your money is worthless.
Let me guess:
Of that trillion dollars Goldman will wind up with at least a few billion of it, several million of which will find its way into democratic campaign coffers, while simultaneously journolisters everywhere will hype how tight Republicans are with evil wall streeters.
Sadly, the Fed and the Congress is likely to listen to them.
I believe that it time for the Federal Reserve Bank (a private bank), and Goldman Sachs Group Inc to be run out of town!
Then where would Obama get his next finance commissars from ....?
Hmmmm?
ping!
Yep in a real “market” you’d be right, but now that the Fed, the U.S. government and the banking system have become virtually one entity, Fed money goes straight to the banks who put it straight into the stock market.
Hah, if they were worth anything, we wouldn’t be reading about the Fed thinking about buying them up a hundred billion at a time.
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