Is the price tag for fixing the crisis really $7 Trillion Already!?

2008-11-25 20:51:16

#1

Diesel_dyk: Object in mirror will feel larger than it appears; +178|6214|Truthistan

I came across this news story from a Canadian news source. It says that the price tag for fixing the financial crisis is now $7 trillion.

Tuesday's announcement makes it $7-trillion (U.S.)

I havn't heard that from any American news source.

The article doesn't really break down the $7 trillion. But is it $7 trillion already Really???? I did hear that there were about $60 Trillion in credit default swaps so does that mean that we maybe 10% of the way towards fixing the mess.

One thing is for sure, if the fed keeps printing money we are going to look like the Weimar Republic.

2008-11-25 20:53:11

#2

Winston_Churchill: Bazinga!; +521|6959|Toronto | Canada

lmao I read that as "Is the price tag for fixing Crysis really $7 trillion already?"

That I would say yes to.

But I have no idea as to what youre actually asking

2008-11-25 20:54:14

#3

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6373|what

Well...

2008-11-25 21:04:19

#4

Mutantbear: Semi Constructive Criticism; +1,431|6185|London, England

I like that site

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2008-11-25 21:20:47

#5

GodFather: Blademaster's bottom bitch; +387|6440|Phoenix, AZ

Winston_Churchill wrote:
lmao I read that as "Is the price tag for fixing Crysis really $7 trillion already?"

That I would say yes to.

But I have no idea as to what youre actually asking

Yeah I read that too

Probably the amount of Debt the US is in right now

but I havent heard anything from any US news source, I thought 700 Billion was the financial crysis bailout plan's price tag

2008-11-25 21:45:46

#6

ATG: Banned; +5,233|6749|Global Command

7, Yes Seven Trillion Dollars Is The Feds Stated Commitment Thus Far.

2008-11-25 22:41:20

#7

Turquoise: O Canada; +1,596|6625|North Carolina

Well, it looks like we'll be getting a commodity based currency sooner than originally assumed -- because if we really do spend $7 trillion in the next 4 years or so, our current fiat currency will be worth jack shit.

2008-11-25 22:48:46

#8

Mr.Dooomed: Find your center.; +752|6548

Turquoise wrote:
Well, it looks like we'll be getting a commodity based currency sooner than originally assumed -- because if we really do spend $7 trillion in the next 4 years or so, our current fiat currency will be worth jack shit.

exactly what the international bankers want I guess?

Nature is a powerful force. Those who seek to subdue nature, never do so permanently.

2008-11-26 10:19:39

#9

Turquoise: O Canada; +1,596|6625|North Carolina

Im_Dooomed wrote:
Turquoise wrote:
Well, it looks like we'll be getting a commodity based currency sooner than originally assumed -- because if we really do spend $7 trillion in the next 4 years or so, our current fiat currency will be worth jack shit.
exactly what the international bankers want I guess?

Honestly, I'm not sure what the international bankers want. I get the impression that a lot of countries would like to see us gradually lessen in influence, so I guess maybe that's why they're doing all this.

2008-11-26 10:58:05

#10

Kmar: Truth is my Bitch; +5,695|6821|132 and Bush

First we force lenders to lend money to the borrowers who made bad financial choices. Then we force the tax payer to lend money to the businesses that made poor financial moves. The intelligent, successful, and responsible are punished in both instances. What exactly are we encouraging here?

/wealth spreading

Xbone Stormsurgezz

2008-11-26 12:01:28

#11

Turquoise: O Canada; +1,596|6625|North Carolina

Kmarion wrote:
First we force lenders to lend money to the borrowers who made bad financial choices. Then we force the tax payer to lend money to the businesses that made poor financial moves. The intelligent, successful, and responsible are punished in both instances. What exactly are we encouraging here?

/wealth spreading

It's not even wealth spreading... it's wealth collecting... for the irresponsible corporations that started this mess and for the banks that run the Fed Reserve system.

Last edited by Turquoise (2008-11-26 12:02:05)

2008-11-26 12:22:51

#12

Kmar: Truth is my Bitch; +5,695|6821|132 and Bush

Corporations are our countries largest employer. They haven't all failed.. far from it. Yet the ones who built their base around survivability are paying the price. The ones who pulled back prior to the REAL mess because they had foresight and were responsible are now getting screwed by the inevitable. We are rewarding the incompetents while securing the complete demise of the system. I find it pretty funny to hear the supposed champions of fairness ignoring this blatantly obvious point.

Xbone Stormsurgezz

2008-11-26 12:29:19

#13

Turquoise: O Canada; +1,596|6625|North Carolina

Kmarion wrote:
Corporations are our countries largest employer. They haven't all failed.. far from it. Yet the ones who built their base around survivability are paying the price. The ones who pulled back prior to the REAL mess because they had foresight and were responsible are now getting screwed by the inevitable. We are rewarding the incompetents while securing the complete demise of the system. I find it pretty funny to hear the supposed champions of fairness ignoring this blatantly obvious point.

Absolutely... this is why I'm to the point where I trust neither party and not even our government in general now. We know who these people really work for.

I suppose the only way to get something done now is the old fashioned way... a few well-placed bullets.

2008-11-26 12:35:26

#14

Kmar: Truth is my Bitch; +5,695|6821|132 and Bush

Murder? Nah.. let it fall. Treason will only get you put in jail as well.

Xbone Stormsurgezz

2008-11-26 15:01:12

#15

Protecus: Prophet of Certain Certainties; +28|6742

Nothing says it better than a good graphic

https://www.voltagecreative.com/blog/wp-content/uploads/2008/11/bailout-pie.png

And we're fucked...

And that's going off the conservative figure that this bailout has only hit $4.6 Trillion.

2008-11-26 15:44:52

#16

Kmar: Truth is my Bitch; +5,695|6821|132 and Bush

I would like to see a breakdown of the four trillion. How much has been dispersed?

Xbone Stormsurgezz

2008-11-26 15:51:30

#17

[F7F7]KiNG_KaDaFFHi: Why walk when you can dance?; +77|6807|sWEEDen

OMG....... and now the world needs to CONSUME our way out of this shit with money we don´t have.....next year should be a good one...

This is why cash is always king...

2008-11-26 16:00:53

#18

Turquoise: O Canada; +1,596|6625|North Carolina

Kmarion wrote:
Murder? Nah.. let it fall. Treason will only get you put in jail as well.

It's only treason if you fail to overthrow the government involved. Granted, I don't think it will be me who will be the first to start firing....

After these bailouts fail just like the first ones did, people will be calling for blood.

"When the chips are down... these uh... civilized people... they'll eat each other..."

2008-11-26 16:17:34

#19

Lotta_Drool: Spit; +350|6403|Ireland

I can't wait for the monetary system to collapse.

What a parasitic system. I would perfer the government to own the banking system and be ran off the interest from loans rather than taxes.

It makes sense to me.

2008-11-26 21:08:15

#20

Turquoise: O Canada; +1,596|6625|North Carolina

Lotta_Drool wrote:
I can't wait for the monetary system to collapse.

What a parasitic system. I would perfer the government to own the banking system and be ran off the interest from loans rather than taxes.

It makes sense to me.

With as much money as they make from these loans, they might as well do that, so I agree.

2008-11-27 09:01:42

#21

Kmar: Truth is my Bitch; +5,695|6821|132 and Bush

The "Cult of You Owe Me". Yes..
http://www.nypost.com/seven/11272008/po … 141105.htm

Xbone Stormsurgezz

BF2S Forums Is the price tag for fixing the crisis really $7 Trillion Already!?

Winston_Churchill wrote:

Turquoise wrote:

Im_Dooomed wrote:

Turquoise wrote:

Kmarion wrote:

Kmarion wrote:

Kmarion wrote:

Lotta_Drool wrote:

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