...for those of you in suspense.
We'll find out w/in 70 days how bad things truly are & whether anything can be done
- Thread starter ByLoSellHi
- Start date
This may seem elementary....but...
How can $2 Trillion replace $60 Trillion ?
The new "norm" is nowhere close to the old "norm"....
Of course the thinking now is to fund banks first....because $2 Trillion can be 10x etc....
But the cart is before the horse....
What is the logic of asking someone to pay for money ....and thus take further asset losses ?
How about get the money to the people that can get productive with what is before them....and let them decide how much of what they made goes to the bank....
One does this by changes in the tax code...10% consumption tax....
How can $2 Trillion replace $60 Trillion ?
The new "norm" is nowhere close to the old "norm"....
Of course the thinking now is to fund banks first....because $2 Trillion can be 10x etc....
But the cart is before the horse....
What is the logic of asking someone to pay for money ....and thus take further asset losses ?
How about get the money to the people that can get productive with what is before them....and let them decide how much of what they made goes to the bank....
One does this by changes in the tax code...10% consumption tax....
Quote from nazzdack:
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