Bailout #8576.....

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Originally Posted By: eljefino
Everyone says savings will see you through, maybe a mid-term event like a seasonal layoff, but if things really go to town I can see deliberate hyperinflation happening to make our overseas dollars worthless.

If that goes down, may be better to have lots of debt at fixed interest rates, that is cheaper to repay... or that savings in something solid like commodities, other currencies, land...

Am thinking this through as I consider paying off a 4% student loan early... voice in my head says keep it.
Listen to those voices in your head I do.
 
Originally Posted By: Gary Allan


Ah ..my ignorance... If there was a REAL economy under the vapor ..nothing could ruin anything.


The derivatives and securitization process is the tool that allows you to create the vapor economy. It's like saying if people stopped drinking, there wouldn't be drunk driving deaths. Well, the derivatives are the drink. Without the drink, there'd be no drunks.
 
Okay ...they provide access to Vegas like odds where they would not normally be available. A variable odds roulette wheel that swings with consensus of participation? A game of musical chairs where you keep adding chairs and participants wholesale ..until the floor collapses instead of eliminating chairs and having the music stop??

I see.
 
Originally Posted By: VeeDubb
Originally Posted By: Gary Allan


Ah ..my ignorance... If there was a REAL economy under the vapor ..nothing could ruin anything.


The derivatives and securitization process is the tool that allows you to create the vapor economy. It's like saying if people stopped drinking, there wouldn't be drunk driving deaths. Well, the derivatives are the drink. Without the drink, there'd be no drunks.


Totally agree. Securitization is what makes the concept of risk meaningless.

If you're gonna lend money, you should bear the risk. No ifs and or butts about it. You shouldn't be able to then sell your right to receive payment for a profit to someone else in a process where that person fundamentally has no clue about the risk and where the debt has originated.

But going that route would make our economy collapse at this point!
 
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But going that route would make our economy collapse at this point!


That's the common enabling modality of choice here. First you paint yourself in a corner ..then cite how you'll ruin the floor if you don't stay there.

You run up tons in trade debt ...then offer that a cure would ruin the party for too many (IT WOULD BRING GLOBAL COMMERCE TO A HALT!!). Nobody insisted that expansion be done in this manner.


Even my school district uses it. We need to build a $54M MEGA CAMPUS because renovating the 4 individual schools will cost even more. First you underfund your elementary schools for renovation ..making the painful remedy the most sensible after you're painted in a corner.


Miyagi say, best defense is no be there.

Whenever you hear a market or regulatory authority say, "Well you could ..but that would result in (fill in the blank)" ..that was the whole idea to begin with.
 
Shh! They're supposed to figure that out on their own
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yeah, CNN is reporting that the Federal Government is going to give AIG 85 billion as a "loan" aka bailout
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Shhh! (From Silverado: as Paden (Kevin Kline) gestured to Jake as they were trying to "quietly" escape from jail and Jake (Kevin Costner) just lit up the town with both of his six shooters)
 
"Well ..the reward would be ..."

"How much?"

"Well, more than you could imagine"

"I don't know. I can imagine quite a bit".
 
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I'm beyond the shock and awe ...I'm just joining in on the music merry go round ....

(visions of how Dr. Benton joined in on the festivities while Dr. Carter and "Lucy" were bleeding out in the adjacent room on E.R.)

Now you finally know why this clown has this expression permanently stuck on his face. Even he can't contain the total dark comedy of it all.

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Well I think the time has come to break out some dust and this book called "the grapes of wrath".

Time to bend over touch the floor and kiss your backside good-bye...
 
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