Thread: Who is for it?

Is anyone on this board for the bailout bill? Go on the record... Who is for this?

I am not for it, but I recognize that some sort of bailout plan would be helpful. There is some companies that should be bailed out. If a bailout will be able to reduce the rescession by saving a profitable company and keeping the liquidity of some money, then a harmed dollar and an increased defecit is worth the price.

I am still not for what is being done, but I suppose I support the bailouts more then other people on this forum.

The problems won't be a harme dollar or a large defecit, but a high defecit/ GDP or a low dollar strength/GDP.

There is just many factors in this problem, and sometimes the costs are worth it because of the outcome. (which is not true with that bailout bills)


More oversight for the bailouts may make them worth it. but that won't happen.

Anyone for this in any way shape or form has no idea what hyper inflation is or what is the cause, let alone what a hyper inflationary depression is. They will soon find out, and it ain't pretty, a top down depression is the worse case scenario. I guess you know where I stand!

Originally Posted by michaelr

Anyone for this in any way shape or form has no idea what hyper inflation is or what is the cause, let alone what a hyper inflationary depression is. They will soon find out, and it ain't pretty, a top down depression is the worse case scenario. I guess you know where I stand!

I know that the government started the problem, but it is still possible for them to fix some of it.

At best, they should raise our taxes and then bailout some good companies. I understand that money doesn't come from nowhere, and if we sacrifice some more of our standard of living to have a more liquidity in our currency then that would be worth it.

Or even better, we cut spending to bailout specific companies.

Originally Posted by Nerv14

I know that the government started the problem, but it is still possible for them to fix some of it.

At best, they should raise our taxes and then bailout some good companies. I understand that money doesn't come from nowhere, and if we sacrifice some more of our standard of living to have a more liquidity in our currency then that would be worth it.

Or even better, we cut spending to bailout specific companies.

What you advocate is more inflation. Yes the government could do something, no bailouts, no more free run at the money machine, raise interest rates on T-Bills(if possible, they are usually set by the market value), and raise interest rates in general to allow some value back to the dollar. They have failed miserably, hell one one think it was done by design, but then you would need to have a motive...oh wait, me thinks I have one...

[youtube]6hiPrsc9g98[/youtube]

Originally Posted by michaelr

Anyone for this in any way shape or form has no idea what hyper inflation is or what is the cause, let alone what a hyper inflationary depression is. They will soon find out, and it ain't pretty, a top down depression is the worse case scenario. I guess you know where I stand!

Hyperinflation happened in Turkey when I was there. The government printed too much money too fast, and gave it to corrupt real estate developers whom had gone over budget trying to solve a lack of housing for Turkey's population explosion and rural flight to the cities. Sound familiar?

As a result, rent prices doubled, food prices doubled, gas prices doubled, etc...and the salaries of workers stayed the same. It did solve the housing crisis because familes had to move in together to survive. There was plenty of non affordable housing available. During a typical walk through the neighborhood of Nurtepe you would walk past a thirty story condo building completely empty and unfininshed. Then next door a tiny unreinforced brick house stuffed full of the recently indoctrinated to poverty...They subsisted off of vegetables they grew and rice they went in on. Bosses couldn't afford raises and more often went out of business. Everybody in business that survived started functioning on US dollars, because the lira went from 1.2 million per dollar to 1.6 million per dollar in two weeks. The only business that thrived was currency trading.

Originally Posted by Goldwater

Hyperinflation happened in Turkey when I was there. The government printed too much money too fast, and gave it to corrupt real estate developers whom had gone over budget trying to solve a lack of housing for Turkey's population explosion and rural flight to the cities. Sound familiar?

As a result, rent prices doubled, food prices doubled, gas prices doubled, etc...and the salaries of workers stayed the same. It did solve the housing crisis because familes had to move in together to survive. There was plenty of non affordable housing available. During a typical walk through the neighborhood of Nurtepe you would walk past a thirty story condo building completely empty and unfininshed. Then next door a tiny unreinforced brick house stuffed full of the recently indoctrinated to poverty...They subsisted off of vegetables they grew and rice they went in on. Bosses couldn't afford raises and more often went out of business. Everybody in business that survived started functioning on US dollars, because the lira went from 1.2 million per dollar to 1.6 million per dollar in two weeks. The only business that thrived was currency trading.

Well then you have an edge on most as you know what to expect. This case is a bit different however, what happened in Turkey sounds like a bottom up hyper inflation, this will hit all the banks, every lender, that will trickle down to every business, and us. It will take years if not decades longer to recover as the entire monetary system will be strained like nothing in history.

Originally Posted by michaelr

What you advocate is more inflation. Yes the government could do something, no bailouts, no more free run at the money machine, raise interest rates on T-Bills(if possible, they are usually set by the market value), and raise interest rates in general to allow some value back to the dollar. They have failed miserably, hell one one think it was done by design, but then you would need to have a motive...oh wait, me thinks I have one...

[youtube]6hiPrsc9g98[/youtube]

explain your video and tell me a little what it is about, and then maybe I will watch it.

I do admit some the problems with inflation may be less then a market where we lose companies that should be solvent.

Would you be willing to sacrifice some dollar value for a helpful banking company to not go under? Even if you do, that still doesn't have to do with what is going on today where banks that made poor loans are still getting bailed out.

I am not for hyper inflation, because I would only support some bailouts.

And did you see how I talked about how taxes should be increased? That would make it so this added spending for bailouts wouldn't cause inflation or increased debt.

The thing is that it is bigger than just the bail out. There was alot of pork in that bill as well. That was the part that disturbed me. If the bail out was for saving the hides of some big financial firms that got themselves introuble for giving out bad loans, Barney Frank (D) MA, Fannie and Freddy, then that would have been OK. But millions of dollars are going to corps. and states and pet projects that have nothing to do with the bail out. So the polititians took advantage of a situation and tacked on a bunch of pork spending in this bailout bill and are costing us even more money, and we are not sure if any of it will even help. We are in deep doo-doo ladies and gentlemen, and we cannot trust our representatives to tell us what is going on.

Originally Posted by Nerv14

explain your video and tell me a little what it is about, and then maybe I will watch it.

I do admit some the problems with inflation may be less then a market where we lose companies that should be solvent.

Would you be willing to sacrifice some dollar value for a helpful banking company to not go under? Even if you do, that still doesn't have to do with what is going on today where banks that made poor loans are still getting bailed out.

I am not for hyper inflation, because I would only support some bailouts.

And did you see how I talked about how taxes should be increased? That would make it so this added spending for bailouts wouldn't cause inflation or increased debt.

You are not understanding things, this bailout will not slow down the foreclosures, this country just bought trash that will never sell, anyone tell you it will can be immediately defined as a liar, this bill has a rolling bailout, the 700 billion is shit, we just dumped 630 billion in the markets last week alone, now it's gone. This bill gives oversight to the same bastards who brought you this mess, they can reserve the right to bail anyone out based on politics, this will cost trillions if we stop now, there is a derivatives market out there that is ready to gut the economy, and the list goes on.

The video depict the Amero.