Quote:
Originally Posted by RogerV
they will just print more money. without gold and silver backing it they can print as much as they want. this is all BS the Super Wealthy famlies that own the banks and the fed will balance things out.
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This is the simple truth. If you spend (print) money you don't have or can't earn in the future you are going to have troubles. The West has been spending money it does not have or will not earn for years. All they did was load credit cards, bank loans or overseas debt. And now it has stopped.
The roller coaster has hit the wall, some who were selling tickets to the ride are going to walk away very very rich. The rest of us will end up paying for it. Bushes decision to put $800 billion into the markets is genius. He will look like the savior today and if he can get through to January he will hand the problem to the Democrats for them to clean up.
The picture of the boat is so apt, except it should be a bigger boat. Not that much bigger though.