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11-26-2011, 08:27 AM
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20,185 posts, read 22,950,562 times
Reputation: 9275
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I keep hearing from the news about how bad Europe is with its finances... and then they keep mentioning that Europe woes will affect us... and then they go on to talk about the need for bailouts... I keep sensing that the mainstream media (Big Business and Big Government) is going to push Americans to believe that the US government "needs" to bailout Europe... If so, who is behind it? The US government? Big Business? Europe? All of them? Are you supportive of a bailout of Europe?
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11-26-2011, 08:40 AM
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Location: Great State of Texas
86,052 posts, read 81,518,426 times
Reputation: 27707
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Europe is that bad that the bonds being issued to finance these bailouts is being bought up by the bank iteself. They are monetizing the debt over there because no one wants bonds that will end up like the Greece debt (50% of the value lost).
And it's not like they will tell us if the US gives them money. The Fed loaned European banks trillions that we didn't know about until just recently.
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11-26-2011, 08:44 AM
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13,749 posts, read 9,270,835 times
Reputation: 6657
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If Europe goes into a deep recession and has its own financial crisis, that will negatively affect the USA. Should the media just ignore the whole situation and what could happen?
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11-26-2011, 08:55 AM
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12,250 posts, read 12,774,171 times
Reputation: 10311
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Quote:
Originally Posted by evilnewbie
I keep hearing from the news about how bad Europe is with its finances... and then they keep mentioning that Europe woes will affect us... and then they go on to talk about the need for bailouts... I keep sensing that the mainstream media (Big Business and Big Government) is going to push Americans to believe that the US government "needs" to bailout Europe... If so, who is behind it? The US government? Big Business? Europe? All of them? Are you supportive of a bailout of Europe?
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Yes, evil. I think this is exactly what is happening. Read "The Creature from Jekyll Island" if you want to understand why the elite WILL DEFINITELY make sure the U.S. bails out Europe. This one's a no-brainer. It's going to happen.
Amazon.com: The Creature from Jekyll Island: A Second Look at the Federal Reserve (9780912986395): G. Edward Griffin: Books |
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11-26-2011, 09:26 AM
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2,674 posts, read 4,233,165 times
Reputation: 1575
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With what money?
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11-26-2011, 09:30 AM
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Location: Great State of Texas
86,052 posts, read 81,518,426 times
Reputation: 27707
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Quote:
Originally Posted by GreyDay
With what money?
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We got a printing press in the basement of the Fed. |
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11-26-2011, 09:32 AM
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12,250 posts, read 12,774,171 times
Reputation: 10311
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Quote:
Originally Posted by GreyDay
With what money?
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What's money? The Fed is going to tell European investors, don't worry -- we'll buy that bad debt, so you will still make your money. When the inevitable happens and the debtors default, we'll just print up some more American bills, which will devalue the existing American bills of course.
The only person who gets screwed here is the American public, so who cares? You're about to take a 10 percent or so cut on you savings. Inflation. Your gift to Europe. It would be nice if Europe would at least send us some good wine and cheese or something. |
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11-26-2011, 09:33 AM
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12,250 posts, read 12,774,171 times
Reputation: 10311
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Quote:
Originally Posted by HappyTexan
We got a printing press in the basement of the Fed.
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Yep. |
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11-26-2011, 09:34 AM
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Location: Holly Springs
3,996 posts, read 10,502,760 times
Reputation: 3299
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Let it fail. We should of let our own bailouts fail as well.
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11-26-2011, 09:36 AM
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Location: Chicagoland
41,321 posts, read 43,563,219 times
Reputation: 7118
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There WILL be a push by this administration and the Fed to do just that.
Just like we found out mountains of TARP cash went to foreign banks, we will likely find out the Fed did some secret dealings with taxpayer funds.
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