posted on Oct, 5 2008 @ 12:44 PM
Maybe the only way to bail out the economic boat from sinking was to pay off foreign banks to keep them from sending dollar reserves back this
way,because if they did,you would have a total collapse of the US dollar purchasing power.
There will be some inflation because of this move,but if the money stays out of the US economy directly for a time,it may stay afloat for a short
time longer,if it were to be dumped here,the price of everything would go up in a few days where you would not be able to afford to feed your car or
yourself,let alone one or the other.
I do not approve of this bailout for crooked bankers...But I really don't think the system can be salvaged with or without the bailout.
At most it is a temporary fix.
We are in very dire straights I fear.