It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

US unveils new $1.5 trillion plan

page: 2
1
<< 1   >>

log in

join
share:

posted on Feb, 10 2009 @ 02:01 PM
link   
the 'plan' is more of the subsidizing of market-makers... those individuals
will create brokerages to buy & sell the banks cruddy, toxic, derivatives
and CDS, IRS. 7 other contracts...

so that, hopefully, a new money multiplier will be created by all these speculators trading/swapping/ buying-selling all those trillions of presently frozen assets which the banks have hidden, on off-balance sheet accounts.


then , as they imagine, a new, re-inflated baloon will generate a wider industry of support products & services focused on streamlining the transfer of formerly toxic paper.


"dream-on", i say to the economy manipulators

this tactic/strategy will not righten the upside-down mortgages or cause the re-hire of all the laidoff workers because of the wind-down of credit created consumerism...
markets will not re-start !

the collapse of the old system is unstoppable, its the end of the era




posted on Feb, 10 2009 @ 03:01 PM
link   
Looks like the Dow is currently down nearly 5% , it seems like the market is finally figuring out that the US (and the UK) economies are finished for at least a generation whilst they try to repay this mountain of debt.



posted on Feb, 10 2009 @ 03:07 PM
link   
Listen people......

They are NOT bailing out anything.....

They are trying to stop the derivatives market unwinding and thats pretty much the long and the short of it right now (obviously we're not being told that)......


Estimates of the current derivatives mess is between 8 and 12 times current global GDP


SO, a few trillion here and there is pretty inconsequential really....


MR



posted on Feb, 10 2009 @ 06:56 PM
link   
reply to post by Marlborough Red
 


So how will obama's spending bill help that process? Is it just to distract from the real problem? It sounds like Geither's plan is to be very transparent by involving the Federal Reserve's opaqueness.

If the derivatives mess unwinds completely, what happens? I realize everything is tainted by it, but what about existing businesses that seem to be doing okay at the moment, like my dentist and the place where I buy fabric and the grocery store.



posted on Feb, 10 2009 @ 07:35 PM
link   

Originally posted by solidshot
Looks like the Dow is currently down nearly 5% , it seems like the market is finally figuring out that the US (and the UK) economies are finished for at least a generation whilst they try to repay this mountain of debt.


The government will never allow this debt to be payed off.

When things get back to normal the government will raise taxes by telling us they need to repay this debt.
then they will use the money to pay for there pet projects. and NOT repay the debt that was not caused by us in the first place.

In 20 years we will not remember why the government started this debt in the first place.

Then they can run another crisis to build more debt and raise taxes again.

This will become a never ending story.

This has BEEN a never ending story because of years of government waste of our taxpayer money on worthless projects and over priced projects.




top topics
 
1
<< 1   >>

log in

join