abcnews.go.com — The credit bailout will be the most expensive single expenditure in American history, potentially costing around $7.5 trillion -- or HALF THE VALUE EVERYTHING PRODUCED BY THE UNITED STATES LAST YEAR. In comparison, the total U.S. cost of World War II adjusted for inflation was $3.6 trillion.
Nov 26, 2008 View in Crawl 4
elranzerNov 28, 2008
"The fundamentals of our economy are strong."
ereneeNov 28, 2008
Somebody needs to put a muzzle on that guy Paulson.
esteskidNov 30, 2008
You are taking this too far ahead, and you are confusing the difference between what congress and the FED are doingCongress is GIVING MONEY AWAY to companies they feel that 'need' it to survivethe FED is PRINTING MONEY TO LEND to businesses they think need it to function, which they actually do because cash flow is king, however the are essentially lending to themselves, and profit off of this no matter whatThe Amero is a BS theory that just distracts us from the fact that the FED has been f**king us for 80 years, it wouldn't actually benefit the top 1% that much, it would just be more globalization which ppl feel is related, however there is really no initiative in any of the three countries that would get this done in the next 20 years, honestly NAFTA mostly just increases the speed among trade routes so people can profit faster
arkayceeDec 1, 2008
OK this is a late answer to my own immediately-previous question, or the start of one. It's triggered me wanting to learn more about the base of our financial system.According to:<a class="user" href="http://www.coinlink.com/Resources/fun-facts/how-much-gold-is-there-in-the-world/">http://www.coinlink.com/Resources/fun-facts/how-mu ...</a>the amount of gold ever mined in history is estimated to be: 5,079,817,925 troy oz. (ok the guy did a conversion with way too many significant digits, but I'll go with it).Current value per ounce according to <a class="user" href="http://goldprice.org">http://goldprice.org</a> was $783.36Therefore, current value of all the gold ever mined is: $3,979,326,169,728,or just under 4 trillion dollars.With a gold standard, what does one do when one runs out of gold to back it? Does the economy just freeze then, or do we do some sort of IOU against future gold, and then we're mostly back to what we have now?
nonleftistdiggrDec 2, 2008
Yeah, I was referring to the democrat run congress that pushed through the bailout you are bitching about... not to mention ran Freddy and Fanny more or less and refused all calls for more regulation of them.I got 3% off my taxes, just like the upper bracket, and I'm middle class; so I don't know what the hell bracket you must be in but it must suck.
Closed AccountFeb 13, 2010
Is this ignorance or is this part of an agenda? Conspiracy or not, something is happening. The pattern keeps repeating and we keep swallowing the same s**t coated in different colored candy shells.