Don't they just print more money?
'nam vet.
nothing and they're running these presses 24/7
Inflationary? ya think?
--
When the Power of Love,replaces the Love of Power.
that's Evolution.
Rod Speed
> aren't these "bail-outs" just more $$$ that they print.
They dont print a damned thing. It just gets added to the national debt.
> backed by nothing
Backed by the govt guarantee to pay it back, actually.
> and they're running these presses 24/7
Just another of your pathetic little pig ignorant fantasys.
> Inflationary? ya think?
Fraid not. And a recession is deflationary anyway.
Dave
"'nam vet." <george...@humboldt1.com> wrote in message
news:georgewkspam-20E9...@sn-ip.vsrv-sjc.supernews.net...
> aren't these "bail-outs" just more $$$ that they print. backed by
> nothing and they're running these presses 24/7
> Inflationary? ya think?
It's worse than that. They're not printing money, they are borrowing money,
mainly from China. So all the bailouts come with decades of interest
payments, doubling or tripling the dollar amount of the actual money that
was originally stolen from the taxpayers. Take the original "700 billion"
package, which was defeated, and then 820 Billion by the time it actually
passed. The payoff on that one alone is going to be somewhere North of 1.6
Trillion dollars. So the taxpayers are on the hook for something more than
1.6 Trillion dollars already. But assuming the loan payoff value is exactly
1.6 Trillion, and knowing there are about 138,000,000 taxpayers in the U.S.,
do the math to find out how much each taxpayer is going to pay for that "700
billion" bailout package. Now multiply by two if you're in the typical
two-income family... and that is how much money was stolen from YOUR family.
To go to the Chinese. -Dave
Napoleon
>But assuming the loan payoff value is exactly
>1.6 Trillion, and knowing there are about 138,000,000 taxpayers in the U.S.,
>do the math to find out how much each taxpayer is going to pay for that "700
>billion" bailout package. Now multiply by two if you're in the typical
>two-income family... and that is how much money was stolen from YOUR family.
>To go to the Chinese. -Dave
But, but the USA has no intention of paying anything off. Kind of like
the housing bubble where no actual money was ever switched hands and
no one actually ever paid off anything.
See, the USA is that illegal alien who lives in Watts CA, and he needs
an overinflated house that costs 500,000. How does he get it with no
money? Well, go to the bank, who is China, tell him that he needs half
a million dollars pronto, and he is not putting any money down as a
down payment, nor does he need to prove he can ever pay the money
back.
The bank says, that's fine because in one year you can sell that house
and make 200,000 or if you can't and I get stuck with the house I can
sell it for even more! Sure, here's your money. Don't bother to make
one payment, because you have no money and your goal isn't to pay off
and live in the house anyway, it's to make money. The illegal alien
smiles and runs off to his overinflated house thinking "this is the
American dream! Living off air!"
But I still wonder why the Chinese are covering our debts, for now.
They obviously know we will NEVER pay them back. Maybe the domino
theory of communism works with no guns needed. Let the USA fall like a
house of cards. Oh well.
-N
Dennis
But wait, it gets even better: a big chunk of that money that we
borrowed from the Chinese (with interest) is to cover bad investments
made by Chinese banks and investment firms. Gosh we American
taxpayers are generous!
Dennis (evil)
--
What government gives, it must first take away.
Rod Speed
They dont have any alternative. They know who is buying their exports.
> They obviously know we will NEVER pay them back. Maybe
> the domino theory of communism works with no guns needed.
> Let the USA fall like a house of cards. Oh well.
Just another of your pathetic little drug crazed fantasys.