[vision-master]

$this->bbcode_second_pass_quote('', 'T')ough long term answers like education and serious infrastructure buildout are costs very few seem to want to face, even though it would likely greatly benefit everydown within 20 years or so. (Plus, of course, we're bankrupt. An extra unfunded war here, more unfunded social spending there -- it really starts to add up).

[Cloud9]

What cannot be paid will not be paid. The contraction in the number of employees results in a contraction in government. A reduction in bureaucrats results in a reduction of scrutiny. A reduction in scrutiny results in more civil liberty.

http://www.huffingtonpost.com/2011/03/3 ... 42395.html
paid.

[SeaGypsy]

There will be no default or hyperinflation, the world can better afford to let the Fed devalue the dollar at approximately double the global average inflation rate than Weimar/ Zimbabwe.

There are still billions of people in the world who attribute a mythical value to the greenback based on anecdotal experience and little else. If not for this mythic hyperinflation would likely have already occured. Through the peasant belief in symbology and the international dependence on the USD$ as reserve currency, the dollar passes through the proverbial eye of the needle as gracefully as the most slender of camels.

[AgentR11]

$this->bbcode_second_pass_quote('vision-master', 'H')ow do you get paid if we are bankrupt?

[Cloud9]

A bad check is not a bad check if everybody in the room treats it like cash.

[Sixstrings]

$this->bbcode_second_pass_quote('Outcast_Searcher', 'W')hile I see Six's point that avoiding globalization will result in more middle class jobs in the U.S., avoiding the advantages of global free trade (i.e competitive advantage) will make us ALL poorer, collectively. Likely much poorer. For example, WalMart has had a significant positive impact on inflation all by itself, just by importing so many cheap goods so many Americans like to buy to help stretch their budget.

[Oneaboveall]

$this->bbcode_second_pass_quote('Sixstrings', 'E')ducate Americans all you want, an Asian will still do any job cheaper and won't complain...

[prajeshbhat]

Here are the real moochers:-

These are the companies that were bailed out by US federal reserve. $ 16 trillion and counting . enjoy.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)

[Novus]

It is funny how people are so brainwashed into thinking it is poor getting a $400 welfare check then is the moocher class when there are these rich bloodsuckers jetting around with billion dollar bailouts on tax payer dime. They got us serfs trained good.

[prajeshbhat]

There are 14.1 million unemployed in USA. If they are given $400 per week, that would cost $ 5.64 billion. If the $ 16 trillion that was given to these too-big-to-fail was instead given to the unemployed, they can be supported for 2836 weeks. That's 54 years !!!!!

[Cloud9]

But then the boyz giving out the campaign funds would have gone bankrupt.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('prajeshbhat', 'T')here are 14.1 million unemployed in USA. If they are given $400 per week, that would cost $ 5.64 billion. If the $ 16 trillion that was given to these too-big-to-fail was instead given to the unemployed, they can be supported for 2836 weeks. That's 54 years !!!!!

[joewp]

No, money doesn't grow on threes. It's poofed into existence as debt to banks. The one financial regulation that needs to be made is to outlaw the practice of fractional reserve banking, starting with the Fed itself and putting us back on honest money, money that's not created from loans.

That's when you get rid of the main moochers, the bankers. Not only do they mooch, they commit fraud on a daily basis.

[vision-master]

I see the 'knowledge filter' has been busy once again.

Let me put it this way.

Our current banster system has it's roots in this.........

Knights Templar
The Poor Fellow-Soldiers of Christ and of the Temple of Solomon (Latin: Pauperes commilitones Christi Templique Solomonici), commonly known as the Knights Templar, the Order of the Temple (French: Ordre du Temple or Templiers) or simply as Templars, were among the most famous of the Western Christian military orders.[3] The organization existed for approximately two centuries in the Middle Ages.

Officially endorsed by the Catholic Church around 1129, the Order became a favored charity throughout Christendom, and grew rapidly in membership and power. Templar knights, in their distinctive white mantles with a red cross, were among the most skilled fighting units of the Crusades.


Can ya dig it Mods.

[peeker01]

$this->bbcode_second_pass_quote('prajeshbhat', 'H')ere are the real moochers:-

These are the companies that were bailed out by US federal reserve. $ 16 trillion and counting . enjoy.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)

[prajeshbhat]

There is a 266 page audit report here:-

http://www.gao.gov/new.items/d11696.pdf

The government debt may be 14.7 trillion. That is the money the US government owes to all of its creditors, including foreign creditors. What the report shows is the money the U.S. federal reserve gave to big private banks, not the government. It was done secretly.

[Livewire713]

$this->bbcode_second_pass_quote('peeker01', '')$this->bbcode_second_pass_quote('prajeshbhat', 'H')ere are the real moochers:-

These are the companies that were bailed out by US federal reserve. $ 16 trillion and counting . enjoy.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)

[Livewire713]

Outcast_Searcher said - $this->bbcode_second_pass_quote('', 'w')hat is it that pouring (using your figures) well over $5 billion a week endlessly into unemployment gets us?

[AgentR11]

$this->bbcode_second_pass_quote('Outcast_Searcher', 'w')hat is it that pouring (using your figures) well over $5 billion a week endlessly into unemployment gets us? (Shorter term fine -- but there needs to be SOME endpoint, perhaps preceded by a declining payout).

[Livewire713]

AgentR11 wrote - $this->bbcode_second_pass_quote('', 'N')ow, I think we ought to get some hard labor out of the moochers as compensation for their moochy-card privileges; but pulling the plug would hurt economically productive systems, much more than it would hurt that moochers.