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The bailout of the US gov will be when the dollar collapses.
Bailout first, dollar collapse second. When the dollar collapses, us slaves will have nothing of value for a bailout ! Gov will beg, borrow and steal everything in an attempt to keep a collapse from happening. Only when there is nothing left to steal for collateral will the collapse happen.
Well one good thing about all of this is Gov job creation. The Gov will have to hire hundreds of people to throw away all those millions of applications when every Tom, Dick and Harry send one in...
the only way to stop the government from getting their grubby paws on our money for derivatives is not to give it to them! http://jutiagroup.com/2008/07/24/glo...4-quadrillion/
Which begs the question, why didn’t we just let Bear Stearns—$13 trillion in derivatives and all—go belly up? Wouldn’t that have taught the nation a lesson and given Wall Street a long-deserved wake-up call? “Twenty years ago the Fed would have let Bear Stearns go bust,” said credit specialist Willian Sels. “Now it is too interlinked to fail.”
It's just the hell that keeps giving....isn't it? I keep thinking somehow there is someone in charge somewhere who has a great plan, but I'm losing hope any genius will come out of the woodwork.
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