The economy is crumbling. It’s not really a joke or a media stunt. This isn’t something brought on to make us worry over something that will never affect us. Our entire economy is falling to the ground and the only thing our Federal Reserve can do is try and throw 700 billion dollars at the problem. That’s like throwing gasoline at a fire that is out of control hoping it will go out.
I’m not going to sit here and go over what happened and why, personally I think you can trace this back to the late 90’s but that’s not really what I am posting about. The bottom line is the market is going to crash completely. There is no way to fix this. Spending 700 billion is only going to make things worse. Once that bill is signed and the bailout confirmed we will see our national debt rise, our dollar sink, our taxes in the future rise to record heights, and an unprecedented move where the government steps in to bail out private banks/firms. Again I am telling you right now, without hesitation, 700 billion dollars will not fix this. We need to let these companies fail. We need to let them crumble and let the market take care of itself. If the Federal Reserve gets involved we will create a monster we won’t be able control. These are PRIVATE businesses… not Government organizations. Bailing them out will only help for a short time. After the high we will hit a lower low. We will need another 700 billion dollars to bail out the first 700 billion dollars.
The worst part of the package/bailout is there is some fine print which states private companies can now buy chunks of our national debt. This might not seem like a big deal but think about it. If a company owns a piece of the national debt they can now collect directly from the tax payer… YOU. In other words, they own you. These companies will own the tax payer. Not smart.
I really don’t want to break it down or anything like that but if I had money in the market or anywhere invested I would pull it. I would sit with cash until this blew over. Don’t say I didn’t warn you. Thoughts welcome… I really hope things level out because there really is no SMOOTH way to fix this.






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