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US Economy in CRISIS! (pg. 10)
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| DaRoZa |
| if the bailout goes through, i think this will go down as the biggest scam in history, money is being created out of thin air to put a band-aid on the economy and each individual american is effectively going to pay over $4500 out of their pockets to get it done. if i didn't know any better i'd say someone is trying to destroy the dollar |
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| High on PSI |
Yes, the bail-out is a band-aid solution that addresses the symptom not the cause.
Bad debt has created a situation now where banks are not lending money to one another in fear of insolvency. Which is justifiable, because there it is more than justified for a bank to fear whether or not it will actually receive its money. Banks leverage money. That is what they do, and how do you balance an added risk, you increase interest rates. So, now, we see interest rates for loans going up, mortgages, which decreases the demand for commodities as people hold onto their money a bit more tight, banks not lending money as much (which is how they make money) and markets reacting to investor emotions. |
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| SgtFoo |
the only crisis the USA should be stuck in would be this one..
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| Dave Akermanis |
| , I have to install that again now that I have my new cpu... |
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| rulzz |
| quote: | Originally posted by DaRoZa
if the bailout goes through, i think this will go down as the biggest scam in history, money is being created out of thin air to put a band-aid on the economy and each individual american is effectively going to pay over $4500 out of their pockets to get it done. if i didn't know any better i'd say someone is trying to destroy the dollar |
well they are trying to destroy dollar to pay foreign debt in devalued currency |
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| slingshot |
| I never knew there were so many people on these boards so knowledgeable in finance and economics. |
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| Skipper |
| quote: | Originally posted by slingshot
I never knew there were so many people on these boards so knowledgeable in finance and economics. |
There are quite a few really bright finance folks on tribe as well, but it's an older crowd over there. |
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| Orko |
| quote: | Bank of Canada injects cash to thaw frozen credit
OTTAWA — The Bank of Canada is injecting an additional $4-billion into short-term money markets as a means to thaw the flow of credit, which has essentially frozen around the world.
The intervention comes in the form of 28-day money which will be auctioned on Wednesday “in light of increased pressures in term lending markets,” the Bank of Canada said in a statement.
“The Bank will continue to provide additional term liquidity as long as conditions in financial markets warrant,” the statement said.
The Bank also announced that it would try to offset the balance-sheet effects of the intervention by selling $4-billion from its holdings of treasury bills.
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http://www.reportonbusiness.com/ser...y/Business/home
So some good news for business operations here in Canada. I guess this has helped to spur the 400 point increase in the TSX today. |
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| Vivid Boy |
| quote: | Originally posted by Skipper
There are quite a few really bright finance folks on tribe as well, but it's an older crowd over there. |
sarcasm skippy |
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| Skipper |
| quote: | Originally posted by Vivid Boy
sarcasm skippy |
Really. That's pretty funny since slingshot hasn't offered up much insight himself. |
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| Vivid Boy |
sometimes its better everyone think your an idiot then open your mouth and and confirm it.,
I'm just saying if you're not well educated in a topic of discussion theres no point putting in an opinion. |
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