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The bailout is to rescue foreign bad debt
- Thread starter fibonelli
- Start date
Quote from fibonelli:
"Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS."
Given that foreigner funds are what support the federal budget, this would seem a prudent "don't bite the hand that feeds you" thing to do.
Call your Congress and Senate representative NOW!
And ask for what, exactly? The only way to balance the budget quickly is through massive spending cuts - like skipping every second social security check and cutting defense in half.
Quote from Random.Capital:
Given that foreigner funds are what support the federal budget, this would seem a prudent "don't bite the hand that feeds you" thing to do.
And ask for what, exactly? The only way to balance the budget quickly is through massive spending cuts - like skipping every second social security check and cutting defense in half.
Agree re need to balance the budget.
The private banks created the fraudulent securities.
Let them pay back the debt.
The government cannot risk the T Bonds doing a moonshot, let alone going bust trying to bail out the banks. It was tried in the early 1930s and failed because the US TBond did a moonshot (see picture).
This is why the bill must be opposed.
If the banks can't pay then they are nationalised in full (including the Fed Reserve) and put eg into run off.
The perpetrators and the useful idiots are must be tried in a court of law and if they are guilty of crimes eg corporate fraud, racketeering, corruption etc they go to prison.
Attachments
Quote from fibonelli:
The private banks created the fraudulent securities. Let them pay back the debt.
But - they can't. And somewhere between one and two trillion dollars worth of that crap was sold to the very people who fund the profligate sending.
So now what? There is at least one Treasury auction every week of the year...
Quote from Random.Capital:
Given that foreigner funds are what support the federal budget, this would seem a prudent "don't bite the hand that feeds you" thing to do.
And ask for what, exactly? The only way to balance the budget quickly is through massive spending cuts - like skipping every second social security check and cutting defense in half.
and getting rid of the useless TSA (never gonna happen, you'll pay their useless a*s till the day you die)
last time I went through the airport they put my shoes 4 times through the x-ray machine, my wallet 3 times, and my bag 5 times, each one separately, only to try and piss me off and make me lose my flight even though I was at the airport 4 hours before departure, that's what they get paid for with your useless tax money
so why the f*k do I care where your f*king tax money goes, if it doesn't go into wallstreet, if it doesn't go into china, it's gonna go into the pockets of some b*ch a*s loser who couldn't even get a job at Wendy's
so f*k all of you for whining like a b*ch, you wanted the patriot act, you got it, you wanted the 5 hour lines at the airport, you got it, so shut the f*k up, you wanted this, you're gonna get it losers
Quote from indexer:
Of course this is the reason for the bailout. It is also why the credit market players are so panicky. They want to keep the foreign cash flows going into the US. They make their money off the skim.
They recommend shutting down production in the US which makes overseas players rich. They must recycle their dollars back into the US to keep their currencies from rising. Basically, Wall Street has made its billions by shuttering Middle America and living off the skim of foreign money flows.
you are so right!
why are you not running for president? scream this from the rooftops-we are getting shafted-robbed gaffed shanked stuffed f1st f3(ked!!!!!!!!!!!!!!!!!! it is the greatest robbery of all time!
get the rope theres gonna be a hanging
what we should do......................this is from MSN
http://articles.moneycentral.msn.co...s/can-the-bailout-work-fat-chance.aspx?page=2
the Treasury should offer $500 billion in rebates to U.S. citizens. But instead of paying with a check, it should deliver new zero-coupon Fannie Mae (FNM, news, msgs) bonds. A zero-coupon bond is one that accrues interest for some specified period, such as 15 years, and then is paid all at once later on. If people wanted to spend the money right away, they could sell the bonds for whatever they could get for them in the marketplace, which wouldn't be much. If they wanted more money, they could hang on to the bonds, and the government would pay the full face value at maturity. Nice and simple.
The genius of this plan is that it would deliver the money straight to the people instead of to Wall Street -- a sure vote-getter. "We'd still be borrowing from our children, but we'd be borrowing less," Reynolds says. Fannie Mae, whose debts are now explicitly guaranteed by the government, could use the money it raised to buy banks' bad assets or provide capital directly. By this plan, citizens would become banks' creditors, not their owners, so you wouldn't have that acrid whiff of socialism.
http://articles.moneycentral.msn.co...s/can-the-bailout-work-fat-chance.aspx?page=2
the Treasury should offer $500 billion in rebates to U.S. citizens. But instead of paying with a check, it should deliver new zero-coupon Fannie Mae (FNM, news, msgs) bonds. A zero-coupon bond is one that accrues interest for some specified period, such as 15 years, and then is paid all at once later on. If people wanted to spend the money right away, they could sell the bonds for whatever they could get for them in the marketplace, which wouldn't be much. If they wanted more money, they could hang on to the bonds, and the government would pay the full face value at maturity. Nice and simple.
The genius of this plan is that it would deliver the money straight to the people instead of to Wall Street -- a sure vote-getter. "We'd still be borrowing from our children, but we'd be borrowing less," Reynolds says. Fannie Mae, whose debts are now explicitly guaranteed by the government, could use the money it raised to buy banks' bad assets or provide capital directly. By this plan, citizens would become banks' creditors, not their owners, so you wouldn't have that acrid whiff of socialism.
Quote from fibonelli:
> Gringinho,
You appear to have misinterpreted my viewpoint as you haven't read my main thread on the bailout.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=138344
Wake Up America!
The foreign creditor bailout is another angle (ie the patriotic angle) that needs to be exploited by US citizens to defeat the bill.
Tell me if I'm wrong in my impression that you are resisting any foreign benefit from the bailout bill, please?
You seem eerily nationalist, isolationist and maybe national socialist... scary stuff.
Quote from Gringinho:
Tell me if I'm wrong in my impression that you are resisting any foreign benefit from the bailout bill, please?
You seem eerily nationalist, isolationist and maybe national socialist... scary stuff.
You seem eerily unable to understand the important issues.
Nor does it appear that you have taken the time to read any of my previous posts.
It is very simple
I DO NOT WANT ANY GOVERNMENT GOING BUST.
I DO NOT WANT ANY GOVERNMENT SPENDING MONEY THAT THEY CAN'T AFFORD BUYING UP WORTHLESS BITS OF PAPER AT FAKE VALUATIONS FROM THE PRIVATE BANKS. (LOOK AT THE ATTACHED IMAGE).
I DO NOT WANT THE FRAUDSTERS AND USEFUL IDIOTS GETTING AWAY WITH CAUSING ALL OF THIS.