Originally posted by Skyfloating
Originally posted by Truther
where are we now? dont know much about economics. Does this mean that america is in serious trouble?
It was in serious trouble before this. This just means that they will confront the trouble right now rather than covering it up and postponing it for
a few months.
This will have some short-term negative effects but in the long run its good.
This also means that they will force the private sector to cover their own asses, and go up in smoke. This may retain some buying power in the dollar,
where as the 630 billion plus the immediate 350 billion would have spelled doom for the dollar.
I really feel this bill is trying let the rich buy out, bail, and create a buffer zone before the full collapse. If we can contain this thing into a
heavy recession, there may be light at the end of the tunnel.
I also see the FED using the flood of money into foreign markets scandalous, as that just puts more pressure on America to accept the bill and "save
the day."
We have to be very diligent in our efforts! The FED are incredibly sneaky bastards and better believe they could work this thing to their benefit
either way.
Stay on it, people!