The Ultimate US Rip Off

Some Seek Agency to Buy Bad Debt as Long-Term Answer


WASHINGTON — As the Bush administration has lurched from pillar to post in the financial crisis, some lawmakers and experts were considering a longer-term legislative solution that would create a new agency to dispose of the mortgage-related assets at the core of Wall Street’s woes.


Yet another SOMEBODY GIVE US FREE MONEY rant.
Or is it ?

This touches upon a weird notion I've noticed in American News Media for quite some time now. This notion that all money is a confidence game , nothing more. Confidence is everything or the whole house of card collapses.

Now why , I wonder would they be thinking that ?

Because the US Government controls the cash flow. A fancy way of saying they can PRINT MORE MONEY !!! any time they like.

Ok. I'll print up some money and buy out these bad debts. But not too much , if people catch me printing too much they'll know the american dollar is actually backed up by NOTHING AT ALL !!! instead of thinking it's worth something. So I'll just print up only a little. And the game will continue. The economy won't collapse today. Maybe tommorow , but tommorow isn't my watch , only today.

And everytime they print more money , the US dollar becomes worth a little less. They are taking from everyone who has anything pegged to the US dollar , and collecting by way of dumping these useless mortgages and paying off the lenders.

It's like the whole world economy is one vast lake, and every now and then the americans take a straw and stick it in the lake and sip out just a little more. Every time they print more money , thats what they're doing.

It's a unique position. Everything is pegged to the american dollar , so what are you going to do ? Peg it to something else ? Yeah , we used to peg it to gold, but we found we could make more money if we let it "float" (forgetting that the money you're making is now just blank pieces of paper with nothing backing it up) So it looks great on the accounting books !

Hmph ! It really is a con game.
If I actually had any cash I'd buy gold.
Oops...thats illegal. They already know about that loop hole !
Hmmm......