seldom_seen wrote:Because the Fed will be giving them the money.
deMolay wrote:OK, not sure if you are just being sarcastic RE but who in their right mind, would take their hard earned cash and buy worthless toxic sludge? They would have to recieve some kind of guarantee and a very heavy rate of return from the taxpayer. How else would it work. Again the taxpayer will assume the position and take it up the ass without lube.
deMolay wrote:They estimate that this move will add another 1 plus Trillion of Bumwipe Fiat Money to the Debt Load. This will take Obama's Financial package to arount 4 Trillion maybe more in 2 Months.
ReverseEngineer wrote:deMolay wrote:OK, not sure if you are just being sarcastic RE but who in their right mind, would take their hard earned cash and buy worthless toxic sludge? They would have to recieve some kind of guarantee and a very heavy rate of return from the taxpayer. How else would it work. Again the taxpayer will assume the position and take it up the ass without lube.
Who would buy CA Bonds either? Only Goldman, under direction from the Fed. Of course I am being sarcastic DM, its one big circle jerk here between the so-called "Private" institutions like Goldman and the Fed. Its all the conservative Republican dickwads who ran the economy into the toilet since Nixon and Reagan, who are now in the business of behind the scenes raping the American public while they prop up Obama to take the heat.
Reverse Engineer
frankthetank wrote:How does it work when the only ones paying taxes are gov employees, medical workers, and bankers?
Tyler_JC wrote:Long story short, if they start offering serious discounts and government-paid default protection on these bonds, private investors will buy them by the boatload.
Cog wrote:Tyler_JC wrote:Long story short, if they start offering serious discounts and government-paid default protection on these bonds, private investors will buy them by the boatload.
So we are going to enrich some hedge funds and investment banks and impoverish the taxpayers once again?
Makes perfect sense now.
deMolay wrote:Wealth is very portable and can disappear fast. When the rich bailed out of Germany just before Hitler really got going. They converted to diamonds etc all very valuable small and portable. And high class jewelry. They sewed it into clothing and left. Again this time they will find a way to make their wealth invisible. They will sit out the Sudden Stop Event and following chaos in comfort and watch via the internet and satellite dish as it becomes very nasty.
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