Posted on 05/14/2010 7:46:47 AM PDT by rabscuttle385
Edited on 05/14/2010 7:54:51 AM PDT by Admin Moderator. [history]
SAN FRANCISCO (MarketWatch) -- The financial crisis never really went away.
The debt mountain that brought down some of the world's biggest banks and dragged the international financial system to the brink of disaster has simply shifted to governments. Now, it's threatening countries around the globe and if left unchecked could rip the very fabric of Europe's economic system and wreck economic recoveries in the U.S., China and Latin America.
(Excerpt) Read more at marketwatch.com ...
|
It’s like bailing a boat with a fork.
I think it is more like bailing out a boat by putting the water into another boat.
Hahaha!!! I jest, we'll never wake up.
This is the end-game. Cripple the western nations with debt, then restructure them under new leaders, new social rights and new agendas.
“Who will bail out the countries that bailed out the world’s corporations?”
The folks reading this article and many millions of others. And their grandchildren’s grandchildren.
“Who will bail out the countries that bailed out the world’s corporations?”
China will take your country and freedom in trade.
blam, I have a question, what do you think would happen if the US federal government reversed course and announced massive budget cuts as opposed to spending worse than a drunken sailor? I’m talking about (fantasy talk I know) rescinding the balance of the “stimulus” and returning the money to the Treasury, sending all returned TARP funds (and interest) to the Treasury, reversing course on Obamacare, cutting all discretionary and non discretionary spending, nothing spared. I tend to believe the markets would actually respond favorably, that fiscal discipline would be greatly repected. What do you think?
Yeah, well I’m gonna drill holes in the bottom of my boat to let the water out faster.
Stuff that wars are made from.
Ummm, the Greeks bought too much, saved too little, and assumed they’d never have to pay the piper... Greece didn’t “bailout” anyone...
You would get a deflationary depression or severe recession that is deflationary. Because you will have destroyed trillions of dollars. This makes all surviving dollars worth more. Inflation is when your dollars are decreasing in value and buying power
Maybe the deflationary "cleansing route" is the way to go and maybe it is inevitable but we are always putting off this day of reckoning by bubbles and extreme stimulouses....you are mentioning just a part of the overall 0bama-stimulous
Thank you for the info, I guess I am talking about a “Darwinism Flush” the more I think about it. I left out all the toxic assets that the Fed and large banks still have on their books, should we “flush” these as well, take our medicine now and get it over with? I know it would hurt badly in the short term, but wouldn’t it get us out of the woods quicker? Obviously you can tell I’m no economist.
Maybe aliens from The First Bank of Mars will give the earth a quadrillion dollar loan!?! We have friggin’ idiots and looters running every country in the world now.
I’m not so sure. The Stimulus did nothing to stimulate the economy. So... why would massive fiscal cuts be recessionary?
How do you turn private debt of the oligarchs into taxpayer obligations? Why, hire a bunch of absolutely corrupt politicians to protect the public interest.
Ask yourself. Who bailed out the Roman Empire during the Dark Ages? No one, that’s who. Read up on the Dark Ages, because we are heading there again.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
