Quote:
Originally Posted by Average Joe
I think that the bank bailouts will work and help stabilise the economy.
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interesting opinion.. what do you propose will happen when they guarantee the money markets and print all the money to honour the funds in savings accounts? its not a bail out, its a bank robbery and fraud!! this will save them nicely ty.. they have stated they will not lend any money out until they are recapitalised.. then we have the credit card derivatives and so on.. there is about 1.5 quadrillion dollars of levaraged worthless fiat paper out there.. how do you suppose we ever get out of this?? answer , we dont.. economic collapse is happening now.. its just in a surreal slow motion mode.. we will wait longer then we think but tis coming as soon as the first shot is fired in anger in the middle east..