Does Government Bailout help or hurt the economy?
Does Government Bailout help or hurt the economy?
- Thread starter Bob Hubbard
- Start date
Easy answer. In the long term it is very harmful.
The money that they've used now has to come out of the pockets of the taxpayers later to pay for the loans from the Central Bank to prop up the investment banks.
This is something that has made me very angry over the rapid development of this fiscal farce. The money is created from nothing by the Central Bank but has to be repaid by the product of the labours of everyone else who does produce something real.
It's the biggest con-job in history ... and still there are those in the system who screw up so mightily (mostly due to the inherent self-destructive 'poison' the monster boils in it's belly) that banks 'fail'. How do you fail to make money on something that starts off being distributed to you for free and you then multiply it by many times at usury rates?
More than anything else this is the doom of the capitalist Western economies. Most future historians point to the Chinese as the next Power but I wouldn't rule out the Arab nations as their wealth is based on something 'real' and their religions do not permit the economic abomination we have clasped to our breasts here in the First World.
The money that they've used now has to come out of the pockets of the taxpayers later to pay for the loans from the Central Bank to prop up the investment banks.
This is something that has made me very angry over the rapid development of this fiscal farce. The money is created from nothing by the Central Bank but has to be repaid by the product of the labours of everyone else who does produce something real.
It's the biggest con-job in history ... and still there are those in the system who screw up so mightily (mostly due to the inherent self-destructive 'poison' the monster boils in it's belly) that banks 'fail'. How do you fail to make money on something that starts off being distributed to you for free and you then multiply it by many times at usury rates?
More than anything else this is the doom of the capitalist Western economies. Most future historians point to the Chinese as the next Power but I wouldn't rule out the Arab nations as their wealth is based on something 'real' and their religions do not permit the economic abomination we have clasped to our breasts here in the First World.
