Buggy wrote:So here's the deal. Paulson and Co. get this load of sh*t through congress. The American tax payers take on a trillion MORE dollars in debt. Wall St. rejoices and the DOW shoots up hundreds of points. Bullet dodged. They all turn around to go back to their mansions but are instead greeted by the outstretched hands of Ford, GM and Chrysler. I am sorry. I see the door getting slammed in their faces. There is no possible way the Fed can possibly loan them money now. It would be like Bush trying to get congress to let him invade Iran. And for those of us who are PO savvy, we are well aware that the automotive industry is the backbone of this petroleum age economy. This weekend the clock really will strike 11:59.
Buggy wrote:So here's the deal. Paulson and Co. get this load of sh*t through congress. The American tax payers take on a trillion MORE dollars in debt. Wall St. rejoices and the DOW shoots up hundreds of points. Bullet dodged. They all turn around to go back to their mansions but are instead greeted by the outstretched hands of Ford, GM and Chrysler. I am sorry. I see the door getting slammed in their faces. There is no possible way the Fed can possibly loan them money now. It would be like Bush trying to get congress to let him invade Iran. And for those of us who are PO savvy, we are well aware that the automotive industry is the backbone of this petroleum age economy. This weekend the clock really will strike 11:59.
messageinabottle wrote:Buggy wrote:So here's the deal. Paulson and Co. get this load of sh*t through congress. The American tax payers take on a trillion MORE dollars in debt. Wall St. rejoices and the DOW shoots up hundreds of points. Bullet dodged. They all turn around to go back to their mansions but are instead greeted by the outstretched hands of Ford, GM and Chrysler. I am sorry. I see the door getting slammed in their faces. There is no possible way the Fed can possibly loan them money now. It would be like Bush trying to get congress to let him invade Iran. And for those of us who are PO savvy, we are well aware that the automotive industry is the backbone of this petroleum age economy. This weekend the clock really will strike 11:59.
Why not loan them the money? That money was never real anyway and neither is the debt. It's all one a piece of paper and doesn't mean a darn thing .... so they can print and loan as much as they want. Until the dollar crashes, and then the military will come to the rescue...
Cashmere wrote:Buggy wrote:So here's the deal. Paulson and Co. get this load of sh*t through congress. The American tax payers take on a trillion MORE dollars in debt. Wall St. rejoices and the DOW shoots up hundreds of points. Bullet dodged. They all turn around to go back to their mansions but are instead greeted by the outstretched hands of Ford, GM and Chrysler. I am sorry. I see the door getting slammed in their faces. There is no possible way the Fed can possibly loan them money now. It would be like Bush trying to get congress to let him invade Iran. And for those of us who are PO savvy, we are well aware that the automotive industry is the backbone of this petroleum age economy. This weekend the clock really will strike 11:59.
Come on. You don't think that the Gov won't hand out money to any large institution?
Come on. The end to this game is complete collapse and martial law.
It's not Congressional/Treasury/Fed/Executive restraint.
Haven't we been beaten enough to know that the beatings will continue.
Buggy wrote:messageinabottle wrote:Buggy wrote:So here's the deal. Paulson and Co. get this load of sh*t through congress. The American tax payers take on a trillion MORE dollars in debt. Wall St. rejoices and the DOW shoots up hundreds of points. Bullet dodged. They all turn around to go back to their mansions but are instead greeted by the outstretched hands of Ford, GM and Chrysler. I am sorry. I see the door getting slammed in their faces. There is no possible way the Fed can possibly loan them money now. It would be like Bush trying to get congress to let him invade Iran. And for those of us who are PO savvy, we are well aware that the automotive industry is the backbone of this petroleum age economy. This weekend the clock really will strike 11:59.
Why not loan them the money? That money was never real anyway and neither is the debt. It's all one a piece of paper and doesn't mean a darn thing .... so they can print and loan as much as they want. Until the dollar crashes, and then the military will come to the rescue...
You are right. You are absolutely one hundred percent right. But perception is everything. You are one of the few that understand that money is printed by the Fed out of thin air and as long as foreign countries let us, that is the way we will do business. But the problem is most of America still believes gold backs up our money. And with an election to win, you will be hard pressed to find a republican or democrat willing to hand out 25 billion more dollars of funny money that the media will tag as accounts payable by the taxpayers. The perception out there is we (the taxpayers) are now co-owners of a very large, unprofitable insurance company and who knows how many broke banks. Would you like a car dealership too???? NOT!
You are wrong actually. Every dollar constitutes labour surplus multiplied by fractional banking. As long as there is that differential, there will be the ability to print. That differential is now largely a function of the vastly underpaid Chinese labour force and is acceded to by the Chinese elite on the understanding that America will be available for the exchange of the goods porduced by that labour.
In other words, the US government has no other option but to ensure that America is available as a market for China if the American elite wish to contiue enjoying the vastly untapped surplus potential of a 1 billion compliant workforce ( and a future source of US style consumerism). This game is only just beginning folks and I reckon we aren't hearing half of whats really going down.
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