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Originally Posted by 6.8SPC_DUMP
In the next 30 months we will have to sell an additional 3 trillion in treasuries and I don't see any alternative then the Fed. buying them which would spike inflation and may cause other countries to sell ours also. Inflationary and deflationary effects are not mutually exclusive.
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Per your bio, if you believe this outcome, I hope you are allocated accordingly.
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The "bail-outs" were originally sold to Bush and our other representatives as just that: tapping the Treasury to print money to buy the toxic assests of private companies who's financially unscreened consumers inability to pay their mortgages was the foundation. It was the first time since the Great Depression that the Treasury put public debt in private hands. Former Treasury Secretary Hank Paulson literally on his hands and knees to sign off on it immediately giving Reps a three page summery of a bill that was months in the making and hundreds of pages.Link The House of Representatives initially rejected this act so Senate leaders amended existing bill H.R. 1424, which had passed the House, to include it and bypass the revenue origination clause of the Constitution. Senator James Inhofe describes Paulson's threats of martial law to select Senators if the Emergency Economic Stabilization Act of 2008 wasn't passed here
Contrary to the very clear 3 page summery: the day after it passed the money was given to undisclosed private institutions who had the same ability to leverage the money they received 60 to 80+ times the original amount.
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This country is a financial airborne daddy on a one way trip. And we all know how that story turns out.