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That kind of money is just mind boggling
I really don't understand
but it's not Real Money. It only exists on paper, like money but not that kind of paper.
if the federal reserve are issuing this package then it has to be backed up by gold no? It's not the same as the fixed horserace that is the markets...
or is this just a case of the federal reserve taking possession of $700billion of bad debt from all the banks and repackaging the debt?
some sort of gussied up debt as long term government bond whatnots exposing tax payers to much risk....
*wishes DiS financiers were about to help.
too much currency = massive inflation
but to be honest the US budget deficit is predicted to be the highest ever this year at around $425billion so I don't see how the Government can stump up a further $700bn rescue package ON TOP of the $85billion the bailed out AIG with
not to mention TWO foreign wars (and a possible escalation with Pakistan)
Even if you could successfully argue that these measures would save money in the long run I still don't understand how you can account for a $700billion market bail-out
and that's not beginning to get into the argument about the fervently anti-capitalist nature of the whole thing
can any of the budding economist on here explain how this is going to work?
then them there banks could drag down the rest of the markets as well,or something
I need ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.
I am Ministry of Treasury of Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.
This is a matter of great urgency. We need blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.
Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to firstname.lastname@example.org so that we may transfer your commission for
this transaction. After I receive that information, I will respond with promptness
Minister of Treasury Paulson