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Monday, 27 August 2007

Do you realize the bailout is just more printed money, thus devaluing YOUR money? -

The printing presses won t be bailing out housing, banking, credit, auto..YOU will? All your savings, assets, are being given to these people who ride in corporate jets and have swanky parties, and so politicians can grab credit and votes for YOUR income redistribution to people who can t pay their mortgages, credit card debts, or bad business practices. What can you do to protect what you ve earned? |::::|Some people are aware of this grand theft. My fear is that most people concentrate their anger on that single mom who gets welfare so her kid can have some apple juice. What can you do to protect what you ve earned? Get out of the equity market. That s a rigged casino. Also get out of US dollar denominated assets. If the greenback wasn t the global reserve currency it would be toast already.|::::|Its more than that even. I m concerned we are throwing good money after bad. And I m not convinced that we should be bailing out automakers when they have a surplus of 1 mill cars they don t sell every year. Seems to me that they need to control production better. Now, these companies are claiming that the money will be paid back with interest by 2012, but I think it would be wiser to let them fail, invest that money in repairing and rebuilding our infrastructures, and create jobs that way. God knows America has enough cars already.|::::|You don t understand the basic principles of macroeconomics. The problem in a recession is that we aren t spending enough money to to buy the goods and services the economy is capable of producing. We must therefore find a means to generate more demand, and that, essentially, means printing more money. In a recessionary situation, that will not cause too much inflation: rather, it will help prevent the far more serious deflation.|::::|you are perfectly correct.I have been told the dollar is only worth 2cents in the dollar.The UK pound 3pence in the pound.No wonder our economies are in such a mess.You think your money is safe in any bank,dream on.The UK government has not got the money to bail out the UK economy.2009 is going to be hell.|::::|Yes, I do realize this. You can t run a printing press and create wealth. Maybe they should just print enough money to give everyone $1 million dollars. Then we can all pay $10,000 for a Big Mac. Abolish the private Federal Reserve Bank.|::::|Economics is funny. LOL! I trade in horses.

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