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The bailout. It's not your money? |
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Replies: 9 Last Post Nov. 21, 2008 11:04am by tkster
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 LiveWire Humor
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Quantumleaper
Connoisseur
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i dont completely understand the bailout shit but doing NOTHING would of been the right thing to do
------- confide- begin the initiation, an offer to dream and drift away, abide- as you go clarity will descend upon the vague
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Chava
Visionary
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I don't even see the need for the stock market. I've never really gotten how it all works. But I think if they've dug themselves a pit they should lay in it. I don't need my hard earned money going to bailout millionaires who should've been smarter with their money in the firstplace.
------- Enrique's (21 months) and Chase's (2 months) mommy www.myspace.com/Chaya77
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8:32 am on Nov. 20, 2008 | Joined: Aug. 2006 | Days Active: 454 Join to learn more about Chava Ohio, United States | Bisexual Female | Posts: 5,089 | Points: 8,873
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( Forever Angel )
Pectus Pectoris Memor
Sustainer
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The point of this topic is not so much about the 'bail-out' itself, but the attitude of the Congress about the money it's "giving" away and whose money it is.
------- "God does not play dice" - Albert Einstein "God does play dice" - Stephen Hawking Bohica
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obvious child
Guru
Ad Free
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As I understand it, a fair amount of that money is simply going to be printed to meet the demand. There's a reason the dollar tanked right after the bailout was announced. Another step towards hyperinflation.
------- "I give the probability of this working at zero" - Dan DeMatteo
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( Forever Angel )
Pectus Pectoris Memor
Sustainer
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Quote: from obvious child at 2:29 pm on Nov. 20, 2008
As I understand it, a fair amount of that money is simply going to be printed to meet the demand. There's a reason the dollar tanked right after the bailout was announced. Another step towards hyperinflation. 
Does that make it "the government's money" and not ours (the people's money)? Not even addressing the inflation problem.
------- "God does not play dice" - Albert Einstein "God does play dice" - Stephen Hawking Bohica
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tkster
Enlightened One
Patron
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Quote: from obvious child at 2:29 pm on Nov. 20, 2008
As I understand it, a fair amount of that money is simply going to be printed to meet the demand. There's a reason the dollar tanked right after the bailout was announced. Another step towards hyperinflation. 
We are rapidly approaching the Republic of Weimar. And yes, I am not surprised of their attitudes towards money. Since the U.S. debt is over $10 trillion, there is a point that a large percent of "our money" is not "our money" but rather leverage. Thus if there isn't interest being earned on "our money" (through our production), there is a right that other countries have of taking it back. This is what we're up against: other countries have massive investments and our work is what pays their interest - if we have higher unemployment and companies go under, then they can pull back their loans and we flip the bill (I believe with the national debt where it is, every citizen owes at least $40,000.00 if we were all forced to pay it back). This goes back to economics, but in a sense, the system in place - and that has been in place for many years - is a disaster. For a long time we were a productive country so there was little risk, but now that we're a country of greed and lack of knowledge, our rating is a step from being slashed and the U.S. dollar will fall. Sadly, the little man and woman will be the one who is most negatively impacted. tk
------- "Argentum qui amat, cum argento numquam satiabitur." ~ Solomon
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11:04 am on Nov. 21, 2008 | Joined: May 2004 | Days Active: 806 Join to learn more about tkster Texas, United States | Bisexual | Posts: 10,856 | Points: 16,730
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