[Homestead] Fannie/Freddie bailout question
bob ford
bobford79 at yahoo.com
Sat Sep 6 19:35:37 EDT 2008
Among members of this list are some very bright people. Perhaps one of you can explain to me how this can be brought, in any way, to a long-term desirable conclusion. Yet, its not being portrayed as such an awful thing on the news .
I see this as the spring-head of the worst economic development of my lifetime, but it is not the news lead. Maybe I'm just not educated enough to see what others are seeing (i'm reading on business sites that ,short-term , this will be good for the dollar)--but the dollar is just a commodity. Short-term , a week? five years? How can the gov't possibly work through this and the other 56 trillion of debt other than with a printing machine,
if my simple public school math is right, that's about $400,000 for every person USD, legal or illegal, grown or child, in this country ---right now. --And the interest is still compounding ( and, when did civilization do away with the idea that usury was a bad thing?-- I remember listening to a tape of Ezra Pound talking about usury before he was convicted of treason, was usury still illegal somewhere in the world in the 1930's -40's?)
I see nothing in our future but terrible inflated currency and a deflated asset base (and I don't believe in peak oil, so if peak oil is true, things should get even worse and even faster).
Rather than paying for everything, as I have , and living debt-free. If I had it to do again, I would carry as much debt as possible, I don't think it will matter much, dollars will be so available and worth so very little.
Where is the positive? What am I not seeing or understanding? ....bobford
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