Quote:
Originally Posted by pommysmommy
It will just never end. The debt will just keep snowballing. Should we learn to speak Mandarin or Cantonese?
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This rabbit hole goes so deep it's not funny.
And there's no news media that wants to do any "news" reporting anymore.
Thankfully there are some sites where they dig to follow the money.
It doesn't seem to end either. Here you are thinking "wow..investors are buying" when in reality it's the Fed monetizing our debt in all forms now.
Wonder if they also bought up all those new car loans from the clunker program. Why, yes they did. They "loaned" GMAC $7 billion with a promise of $7 billion more to jumpstart car loans. And totally by coincidence this was before the clunker program. LOL..you have read how hard loans are to come by yet it was never mentioned during the clunker program..government money was flowing from all ends to entice "consumers".
GMAC: Government to get into car loan business -- DailyFinance
The dirt you find when you go surfing for answers is out there.
The more you find out (non MSM) the more doomer you'll become.