tag:blogger.com,1999:blog-20377909.post3159095729647538146..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Largest Gvt bailout in history - largely unannouncedRandyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-20377909.post-25498730222124682112008-09-07T07:30:00.000-07:002008-09-07T07:30:00.000-07:00It's funny how we vehemently criticize Russia and ...It's funny how we vehemently criticize Russia and Venezuela when they nationalize companies, yet when we do it, nary a peep.<BR/><BR/>What baffles me is how the U.S. Government is able to keep monetizing debt like this, and yet the dollar goes up! Is nobody paying attention to the hundreds of billions of dollars being manufactured to pay for all these bailouts?<BR/><BR/>DaveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-78274570925295555522008-09-06T13:52:00.000-07:002008-09-06T13:52:00.000-07:00And for anyone who hasn't read it yet, this is a m...And for anyone who hasn't read it yet, <A HREF="http://shadowstats.com/special/Hyper08SGS.pdf" REL="nofollow">this</A> is a must-read report from John Williams of ShadowStats.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-43350139581588823192008-09-06T13:45:00.000-07:002008-09-06T13:45:00.000-07:00Here are my answers:1) Is this merely the opening ...Here are my answers:<BR/><BR/>1) Is this merely the opening salvo for more rescues to come (FDIC, PBGC, Big 3 Auto, etc)<BR/><BR/>Yes. Too big to fail was always a myth, now it is real.<BR/><BR/>2) Will this be an open-ended bailout<BR/><BR/>In some ways yes, in others no. The main goal is to continue feeding the hungry credit monster that is the US economy. Shareholders be damned, and in the final analysis, debt holders be damned too.<BR/><BR/>3) How much will this cost the US taxpayer and how will we ever pay for it<BR/><BR/>Easy. We will hyperinflate the debt away. We are in a precarious balancing act right now between a major collapse or deflationary depression, and run-away inflation. The Fed has made it clear that they favor the latter and will continue in that direction.<BR/><BR/>4) What are the longer-term consequenses to our country's debt rating<BR/><BR/>Short term, the morons around the world will see this as a positive. Long term our rating will be not much better than Zimbabwe.<BR/><BR/>5) How will this impact the US Economy and Dollar?<BR/><BR/>Short term, the dollar will probably rally. It seems to rally on anything these days. Long term, see <A HREF="http://www.youtube.com/watch?v=GWH3rXcjBgI" REL="nofollow">here</A> and <A HREF="http://www.youtube.com/watch?v=OzAequD8XaU&feature=related" REL="nofollow">here</A>.FOFOAhttps://www.blogger.com/profile/17152544684132776239noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-2682782801427967222008-09-06T12:14:00.000-07:002008-09-06T12:14:00.000-07:00can this take gold to $1200.can this take gold to $1200.Anonymousnoreply@blogger.com