Just my own question...Re the"bailout" and economy crashing..They are making loans to the banks, and say the big three car makers to prop them up. the corporate bastids use the money to pay their workers and keep the company alive in a time of zero sales right? minus the odd "porn star/hot tub" stess relief junkets for fat cat executive vice presidents. These workers buy food and fuel and GI joes with the kung-fu grip, big screens and the odd plastic pumkin. That's money moving through the economy.So when they turn over the public coffers and emptyout every last farthing over the side of the abyss which cup has the peanut under it???(Who's got the money?and why can't somebody"eliminate" that obligation?). Are we simply making a down payment to leveraged creditors for our debts? I'm tired and probably should readdress this in the morning on a clear head.
The peanut is where ever the monty dealer needs it to be because it doesn't exist until we have made our choices.
They are expediting the effects of the monetary crisis to place further pressure on the economy. The goal is to create enough burden, quickly enough to still be able to blame the previous administration(s) so that Obama may introduce the "New-New Deal", and "save" America from peril. I think you can use your imagination and come up with some ideas of your own.
I'm trying to give that up for "lent", I mean xx trillion $ somebodies bank balance should show something... Are we just deleting money from the treasury?Yesterday I heard the theory the debt doesn't matter because "we owe it to ourselves" sounds like b.s.but my mind is still stuck in the get $1 put it in the bank, collect interest, take it out , spend it mode. billions/trillions/ quadrillions? are just fuzzy references to decimal places.
Yup. The private banks are the ones who own the currency -anybody who claims that we have our own money is seriously mistaken. The debt has reached such a ridiculously enormous level, that they have turned to foreign financiers for support, and nations like China, India, and England have all purchased a percentage of our debt holdings with the privately owned Federal Reserve. And when they come calling...somebody is going to listen.
