Personal - #501 - #81 - A true “Bailout” will require the government to print more “money”.…

(Which leads to inflation for everybody!)…

(Will Wall Street win out or Main street?)

Recently, I just learned that the U.S. is NOT printing money. (which is inflationary) It is printing I.O.U.’s (bonds) that the government is selling to foreign nations and on which the U.S will have to pay the interest. (Indirectly, this does add to the National Debt”. This way the U.S. presses can run forever! There is no inflation or crash anticipated by the U.S. government as long as foreigners are willing to buy the U.S. paper. The only thing that stops the presses is when the foreign nations do not think the U.S. economy is strong enough to make the interest payments or the collateral value of the whole of the U.S. is insufficient. (How much is a ten year old, concrete, four lane highway worth? …etc. The whole idea of the value of U.S. collateral defies logic!)

(By the way; now the foreign nations are in more serious trouble than the U.S.!

By the bye, where has the money gone?

It has gone to save the financial institutions. They were unwilling to extend this loan as part of a package to lend to the consumers. They shored up their existing financial statements with the supposed “bailout” money. Does “mainstream” America gain? Do the homeowners benefit?

All we’ll get is more congressional hearings, more rhetoric, more and more talk!

But that’s what the majority voted for! So what if the policies change? Could the rhetoric give a clue to a change in policy? Do the former associations give a clue as to what was really on “his” mind? Not to a non-thinking majority! All this is now in the past. Will we have the wherewithal to survive?

So now, all you’re gonna’ get is “talk, discourse and rhetoric”!

The government doesn’t know what to do!…. Despite the committee hearings and their unique “special panel”