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Bailout WTF

#1 User is offline   Spoon Poetic Icon

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Posted 24 September 2008 - 07:06 PM

http://market-ticker...All-Frauds.html

This article explains it fairly well, though it is biased against it.

Anyone have anything new or good to say about this plan?
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#2 User is offline   Chyld Icon

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Posted 25 September 2008 - 07:11 PM

Sucks to be America right now. I hear from a very unreliable sauce that they're thinking about indefinatly suspending the elections because of the crisis. Could be utter bull, but if its not, boy are you guys screwed.
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#3 User is offline   Dr Lecter Icon

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Posted 25 September 2008 - 08:32 PM

Damn, in the meantime... if Obama wants to be PM... he can go right ahead.
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#4 User is offline   Spoon Poetic Icon

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Posted 25 September 2008 - 09:21 PM

Haha that's utter bull. (Referring to postponing election) They can't do that. If they did they'd have another Civil War and it'd pretty much be The Rich White Stupid and/or Mean People vs. Everyone Else, and Everyone Else is the majority by far.

Anyway I've not heard that rumour, it's too absurd for anyone to believe it and pass it around in the U.S. The closest thing to that is that McCain wants to postpone the debate.

This post has been edited by Spoon Poetic: 25 September 2008 - 10:32 PM

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#5 User is offline   J m HofMarN Icon

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Posted 25 September 2008 - 09:46 PM

What makes me curious is that the government seems to be doing this as a charity. Rather than as a loan or, (squeeeeeee! socialism!) nationalization. So we're basically just giving them free money because they're idiots.

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#6 User is offline   Chyld Icon

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Posted 28 September 2008 - 03:19 PM

Children, children, play nicely now. We're here to work out exactly how Americas economy is circling the drain.

If I understand it right, this bailout is costing each household in America about $18,000?
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#7 User is offline   Deucaon Icon

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Posted 28 September 2008 - 03:47 PM

There is no alternative to the bail out unless Americans want an economic collapse (which would cost Americans much more than the bail out has.) At the very least I think the American government should ban all selling of shares on the stock markets and nationalize the assets of all those who declare bankruptcy or are bailed out for a temporary solution. Fundamentally the problems are America's "military industrial complex" and its centralized economic hierarchy but the only way to solve those problems is to question American society itself and no political/economic leader is going to seriously do that.
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#8 User is offline   Spoon Poetic Icon

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Posted 28 September 2008 - 05:38 PM

1. Don't bring in other past threads into here unless it is relevant to the topic at hand.
2. Stop being stupid.
3. I know you guys each have some sort of personal vendetta against each other, but seriously, grow up. Take it elsewhere. Debate with some sort of semblance of civility, please.
4. Stop being stupid.

Thank you.
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#9 User is offline   Spoon Poetic Icon

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Posted 28 September 2008 - 05:41 PM

Money isn't real anymore anyway. It's all virtual. Numbers floating on some screens somewhere, and we pretend it actually represents something. I think that right there is a sort of catalyst for things like this to happen.

Maybe they can just be like, "Hey, since money isn't really real anyway, we'll just pretend we have this money - just put it into the computer somebody, will ya?" And then with technological magic, our government is suddenly billions of dollars richer, and can fix all the problems...

And then blame the rampant inflation that will result on things like foreign oil dependencies, jobs going overseas, and them damn terrorists.
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#10 User is offline   J m HofMarN Icon

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Posted 28 September 2008 - 06:43 PM

It basically depends on other countries believing that you have the money you say you have, that's how I see it.

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#11 User is offline   Spoon Poetic Icon

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Posted 28 September 2008 - 08:04 PM

Exactly! How does one country pay off a huge debt to another country, anyway? I mean, surely they don't send a plane full of USD/gold bars/whatever overseas or something, right? Wouldn't that be another digital transaction? Why not fake it? How hard could that be for any powerful country's government?

This post has been edited by Spoon Poetic: 28 September 2008 - 08:05 PM

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#12 User is offline   Ninja Duck Icon

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Posted 28 September 2008 - 10:25 PM

I think they just don't. I'm not sure how they would handle it if they did, but yeah, I don't think it happens. Germany had to pay off its debt after World War I and it ruined its economy, but since the United States hasn't lost any wars recently (or at the very least, hasn't been invaded), it's not in that position.

Does anyone else think that Secretary of Treasury should be an elected position? They have a scary amount of power and they're not accountable to anyone. Not that elected officials are accountable to anyone either...
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#13 User is offline   Deucaon Icon

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Posted 28 September 2008 - 10:37 PM

QUOTE (Spoon Poetic @ Sep 29 2008, 08:41 AM) <{POST_SNAPBACK}>
Money isn't real anymore anyway. It's all virtual. Numbers floating on some screens somewhere, and we pretend it actually represents something. I think that right there is a sort of catalyst for things like this to happen.


America still has Fort Knox.
"I felt insulted until I realized that the people trying to mock me were the same intellectual titans who claimed that people would be thrown out of skyscrapers and feudalism would be re-institutionalized if service cartels don't keep getting political favors and regulations are cut down to only a few thousand pages worth, that being able to take a walk in the park is worth driving your nation's economy into the ground, that sexual orientation is a choice that can be changed at a whim, that problems caused by having institutions can be solved by introducing more institutions or strengthening the existing ones that are causing the problems, and many more profound pearls of wisdom. I no longer feel insulted because I now feel grateful for being alive and witnessing such deep conclusions from my fellows."
-Jimmy McTavern, 1938.
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#14 User is offline   Spoon Poetic Icon

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Posted 28 September 2008 - 11:37 PM

But our money isn't backed by gold or anything anymore anyway. Fort Knox doesn't really have much to do with the fact that our currency is pretty much virtual.

And Ninja Duck - we might not have lost any wars recently but are still in mega debt.
http://en.wikipedia....._national_debt

This post has been edited by Spoon Poetic: 28 September 2008 - 11:37 PM

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#15 User is offline   Ninja Duck Icon

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Posted 29 September 2008 - 12:42 AM

I know that there's a huge national debt and an even bigger national deficit, but my point is that no one can enforce it, because the US hasn't been schooled lately so no one holds any military sway over what it does with its money. Germany had to pay because it had been beaten. The US is the proverbial 500-pound gorilla.
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