Where is all this bailout money coming from?

Commy
Commy Posts: 4,984
edited March 2009 in A Moving Train
are they printing this or what?
Post edited by Unknown User on

Comments

  • Heatherj43
    Heatherj43 Posts: 1,254
    Zimbabwe
    Save room for dessert!
  • VINNY GOOMBA
    VINNY GOOMBA Posts: 1,826
    Yes, they are printing it. There is a possibility we are borrowing it, since there is absolutely no transparency, but it only comes from 1 of 2 places initially: From the Fed, or from another country. Either way, it gets paid back with interest through our tax dollars, which will increase in a multitude of sneaky ways over time.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Commy wrote:
    are they printing this or what?

    yeah,
    that's a complicated question there, bob.
    basically some yes, some no.

    best article i could find on the subject (it's still a little off or "fuzzy" on some things but...) :
    Are We Really Printing Money to Finance Our Debts?

    Unless we are "borrowing" from "the Fed", we aren't "printing", because you are using previously circulating currency. Even foreign treasury purchasers have to convert their own currency to dollars to purchase the bonds or bills, so they are handing you over the currency you need -- you don't have to print it.

    Of course, when you have to finally PAY THEM BACK, you sure as hell may be going to The Fed to "borrow" instead of back to the market. You think the rest of the world will let us borrow this money twice over to pay them back when it first comes due?

    Anyhow, that article is the most accurate i could find for ya, commy.
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  • Commy
    Commy Posts: 4,984
    that was a good article. thanks. simple enough so that I could figure it out.

    from what I can tell China is betting on a US recovery, buying all those bonds.
  • bigeye21
    bigeye21 Posts: 981
    Our federal government is maxing this out: http://www.bocsg.com/cc_plat.html
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  • Motha Judson
    Motha Judson Posts: 104
    I would guess me and you at some point....
  • VINNY GOOMBA
    VINNY GOOMBA Posts: 1,826
    Commy wrote:
    that was a good article. thanks. simple enough so that I could figure it out.

    from what I can tell China is betting on a US recovery, buying all those bonds.

    Either that, or they are intentionally allowing us to become indebted to them for even more pragmatic reasons-- what if they wanted our nuclear secrets in lieu of monetary repayments? What about eminent domain on US soil? Our gold reserves? The use of our military for one of their future conflicts?

    Think about the amount of power banks or credit card companies have over YOU when you are thousands of dollars in debt to them. Imagine this on a global scale, between entire nations, and dealing with trillions of dollars? It's mind boggling. Surely the Chinese must know that we can never get out of debt to them, so what do they REALLY want from us? What good is loaning to the scumbag who will never pay you back if you can't get something else from him?
  • Sludge Factory
    Sludge Factory Posts: 976
    VINNY GOOMBA wrote:
    Commy wrote:
    that was a good article. thanks. simple enough so that I could figure it out.

    from what I can tell China is betting on a US recovery, buying all those bonds.

    Either that, or they are intentionally allowing us to become indebted to them for even more pragmatic reasons-- what if they wanted our nuclear secrets in lieu of monetary repayments? What about eminent domain on US soil? Our gold reserves? The use of our military for one of their future conflicts?

    Think about the amount of power banks or credit card companies have over YOU when you are thousands of dollars in debt to them. Imagine this on a global scale, between entire nations, and dealing with trillions of dollars? It's mind boggling. Surely the Chinese must know that we can never get out of debt to them, so what do they REALLY want from us? What good is loaning to the scumbag who will never pay you back if you can't get something else from him?

    This is a very good point and one I hadn't really considered before.
  • Cob
    Cob Posts: 858
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  • SolarWorld
    SolarWorld Posts: 1,902
    Commy wrote:
    that was a good article. thanks. simple enough so that I could figure it out.

    from what I can tell China is betting on a US recovery, buying all those bonds.

    China has stopped buying the T-Bills as of late. Their confidence is shrinking.

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