It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: Libertas on December 19, 2011, 07:25:08 AM
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http://www.zerohedge.com/news/fed-may-inject-over-1-trillion-bail-out-europe (http://www.zerohedge.com/news/fed-may-inject-over-1-trillion-bail-out-europe)
And the global Ponzi scheme rolls on...
Isn't this great? We can keep this up...forever!
/
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Then we could just erase all the debt from all the books of all the world. It's all a farce anyway.
::outrage::
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We could.
But then that would be a reward to the parasites...
::outrage::
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We could.
But then that would be a reward to the parasites...
::outrage::
If you mean "final reward" then sure. At some point, these debts will simply be wiped off of the books. Either by outright default, or by partial defaults negotiated or done via currency printing. Of course I think the intelligent bet is on the last, as politcans have every incentive to kick the can without owning up to the problem. No matter what, confidence in the system and the currency is shaken, money is pulled from Banks, Credit freezes, production slows, and those on the bottom are left with nothing - no government handouts. No jobs. No prospects. They will get what they deserve in the end. The problem is, that those who were frugal, responsible adults, saving and investing and then caught unawares ( there are fewer of those every day) will find themselves in the same boat as the deadbeats. But make no mistake that boat ride is not going to be pleasant.
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We could.
But then that would be a reward to the parasites...
::outrage::
If you mean "final reward" then sure. At some point, these debts will simply be wiped off of the books. Either by outright default, or by partial defaults negotiated or done via currency printing. Of course I think the intelligent bet is on the last, as politcans have every incentive to kick the can without owning up to the problem. No matter what, confidence in the system and the currency is shaken, money is pulled from Banks, Credit freezes, production slows, and those on the bottom are left with nothing - no government handouts. No jobs. No prospects. They will get what they deserve in the end. The problem is, that those who were frugal, responsible adults, saving and investing and then caught unawares ( there are fewer of those every day) will find themselves in the same boat as the deadbeats. But make no mistake that boat ride is not going to be pleasant.
It totally sucks, but I agree you are very likely correct. I would like all of the guilty punished now so all are not punished later.
But unfortunately I am used to great disappointment...