Really, why not let it all crash and burn? Let debt be defaulted and mayhem ensue. Why keep piling up more debt to fix the problems with the current account? I have 3 young kids that don't want to be enslaved to our debt for the rest of their lives. Sure, there would be some years of hardship, but from the ashes we build a new system, a system that essentially starts out with no burden.
Tell Me Why This Is Not The Best Way Out
- Thread starter PAPA ROACH
- Start date
This is a fair question. I wonder the same thing. Isn't the gov't just raising the house of cards? I don't know but it's going to be ugly either way.
I am 110% with you.....let the bodies hit the floor!
http://www.youtube.com/watch?v=sO_QntXc-c4
.....and I feel FINE!
http://www.youtube.com/watch?v=cGqroT1FZ5Y
http://www.youtube.com/watch?v=sO_QntXc-c4
.....and I feel FINE!
http://www.youtube.com/watch?v=cGqroT1FZ5Y
Well now....
Just may happen anyway.....
There is no way that the government can rectify or maintain previous house prices.....and the mountain of levered and useless dependent paper legal valuations on top of it....
A few trillion $ is small....
What is amazing is the initial conjuring of such nonsense....
They could...so they did....not caring about the future whatsoever....but only of making money for the moment....
Just may happen anyway.....
There is no way that the government can rectify or maintain previous house prices.....and the mountain of levered and useless dependent paper legal valuations on top of it....
A few trillion $ is small....
What is amazing is the initial conjuring of such nonsense....
They could...so they did....not caring about the future whatsoever....but only of making money for the moment....
Many top economists and traders agree with you.
This bailout was designed to save Big Name American Banks. The Market Economy? Sorry, thats F*cked.
Its a Moral Hazard problem.
The Bankers own the FED and have Congress in their pocket.
If Congress doesn't go along, they tank the Market and fear monger Depression.
Until the American People wake up and realize what a Great Scam the Bankers have thrust upon them, we'll be at their mercy.
This bailout was designed to save Big Name American Banks. The Market Economy? Sorry, thats F*cked.
Its a Moral Hazard problem.
The Bankers own the FED and have Congress in their pocket.
If Congress doesn't go along, they tank the Market and fear monger Depression.
Until the American People wake up and realize what a Great Scam the Bankers have thrust upon them, we'll be at their mercy.