Right, but there are obviously reasons why its a good idea. I'd sure like to know what the hell they are.
Fed Pledges Top $7.4 Trillion to Ease Frozen Credit
- Thread starter Atan Nolme
- Start date
Right, but there are obviously reasons why its a good idea. I'd sure like to know what the hell they are.
We are already China's slaves monetarily from all the money thew federal government has borrowed from them.
I know that and almost added to my post as an afterthought but you contend that are our liberties/freedoms are going to erode from their current state due to a monetary crisis? How so?
Mean Mr. Mustard
Always shouts out something obscene
Under the new regime you will be required to spend 1/3rd of your paycheck by shopping at wal-mart no less than 3 times a week.
ALL HEIL HUSSEIN-O
I will admit, I don't really understand what this all means, but it really can't be a good thing. Instead of fixing any problems, I simply see it as delaying them, and possibly causing bigger issues when they can't delay them anymore.
no, it certainly is not...if you're on Meet The Press or any debate show of the ilk, you can't simply reply to a line of questioning with "read this book and get back to me"
Valve1138
I like the AB in the GB
Our government cracking down on the people of the US as our social structure starts to decay is a much more likely event than global cataclism. Granted, this is just my opinion, but it's formed based on the fact I have little faith in people, which equates to less faith in government, to not revert to a more animalistic social model as traditional structures start to break down.
i'm behind on news and don't have time to get into it right now, but from the headline and a gut reaction i'd say that since our economy has been based on deficit spending by households for several generations and since the ability of households to go further into debt has been tapped (no more home equity to borrow against, no more credit cards to max, no more savings to spend) the government has decided to maintain the status quo by doing all the spending on our behalf and taxing us for it later rather than allowing the problem to fix itself through massive failure and the resulting necessary shakeout of unsustainable business practices.
ok, it looks like some to a lot of that total is "pledged money" which includes things like FDIC guarantees that don't actually cost money unless a bank goes under. It's money we are theoretically on the hook for only if the system completely melts down, which is what the gov't is trying to avoid.
But that still doesn't sound like a positive spin. Someone has to be able to spin this positively, rite???
read my second post. i guess the positive spin would be that the "pledges" of money don't cost anything if they work. For example, increasing FDIC guarantees helps prevent runs against banks if it increases the confidence of savers to keep their money where it is. That pledge of money doesn't actually cost anything unless the bank goes out of business for other reasons.
basically, i think the article is negative spin and treats the 7.4 trillion total like it's money out of our pocket, which it isn't.