US bailout will not rescue foreign banks (and they need $1 trillion+)?

[jasonjm]

Quote from dhpar:

good one. this is actually exactly what is happening already. close to trillion was already created.
Illiquid assets are being substituted by monetary base (via discount window) which should! be used to prompt liquidity (read money creation).
the fact that it does not work is the major reason why fed funds trade below the target...

other guys on this thread should take econ101.

not being done aggressively enough

just print the 10 trillion worldwide all in one shot, at once.....

100 billion here and there is like putting a bandaid on a massive open wound.

 

[FanOfFridays]

Quote from jasonjm:
what if every major country just printed trillions (japan, europe, china, usa) - all at the same time, and bailed out everyone... just wiped all the bad debt away in one shot, done....

just print the 10 trillion worldwide all in one shot, at once.....

In your opinion, what underpins money? Why is one country's money worth more or less in relation to another country's money?

 

[jasonjm]

Quote from traderNik:

In your opinion, what underpins money? Why is one country's money worth more or less in relation to another country's money?

because none of the major currencies are really better than each other, that's what underpins them, the public has nowhere to hide.

euro is same as USD is same as yen

if you look over very long term they move too slowly, or go nowhere vs each other, so the public doesn't care or notice.

no difference, all govts behave more or less the same.

so you keep your money in whatever currency you pick, the game goes on

none of the currencies or even GOLD has any real value at all, except the fact that you are willing to accept it as payment. they are all just junk.

the only "currency" which threatens to break this mould is actually OIL imo, because it has a real use.

anyways that's the way i see it.