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Money is not so much a thing as a concept. Sort of like God.
I think we are going to find that much of the money is already "gone" and I would be willing to bet that it was used to build things like underground bases/bunkers/hideouts as well as stocks for these places.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $338B. When those revenues are taken into account, the government has realized a $96.6B profit as of Oct. 17, 2018.
originally posted by: JBIZZ
Affordable-housing goals established in the 1990s by the Clinton administration led to a massive increase in risky, subprime mortgages. Fannie Mae, Freddie Mac & the commercial banking system (all banks) are to blame, including the Federal Reserve Bank, which has been devaluing our currency since 1913. Its all going to happen again too because a debt crisis can't be solved with more debt.
I still can't believe they bailed out GM. Their cars are also lower quality now then before the financial crisis. That's what happens when you don't allow the free market to weed out bad businesses. I just hope they don't bail them out next time they go bankrupt.
These things are a prime example of why socialism is bad compared to free market capitalism. Think about how many automobile manufacturers which operate responsibly are hurt by allowing companies like GM to continue bad business practices. Think about how many Fords would have been sold & how many good jobs would have been created if GM & Chrysler were allowed to go bankrupt under a free market capitalist form of government. We night even have a couple new car mnjfactutrers to replace them or Ford wouldn't be discontinuing most if their cars. We do have Tesla, so all is not lost but how many more Teslas would sell if GM and Chrysler no longer existed?
originally posted by: Phage
Money is not so much a thing as a concept. Sort of like God.
I think we are going to find that much of the money is already "gone" and I would be willing to bet that it was used to build things like underground bases/bunkers/hideouts as well as stocks for these places.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $338B. When those revenues are taken into account, the government has realized a $96.6B profit as of Oct. 17, 2018.
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