How about instead of spending more time and resources to find out what most everyone at this point already knows, that being that America's economy is a smoking crater, why not direct all energies surrounding the issue toward finding actual solutions? I can't believe more assessment is still required at this point. When you find yourself in a hole, the smartest thing to do first is to stop digging.
Lex87
Funny how they treat such important deals as a game, naming them after all sort of mythological figures. It all sounds so simple although it's really not!
True cost? Does anybody really how this can be paid back? The facts are when the Fed lends money they are actually creating money (see Money Mechanics by The Federal Reserve) . They only create the principal amount, they do not create any moneys to pay the interest or service this principal amount, There is no possible way to ever totally pay this debt back there is not enough money to do so. The only way to pay all of this money back is to borrow a larger sum of money equal to the principal and interest due on the previous loan, again this money will be created by the Fed as a loan accept now we had to borrow more then we did on the previous loan. Again the Fed will only create the principal amount not enough to pay the interest. on the new loan. So has we borrow ever increasing amounts to service and payback the previous debt the amounts of monies we need to borrow are perpetually multiplying. Eventually just to service this multiplying debt we will be unable to pay off any of the principa/ We eventually only will be able to pay the interest and we will have to start borrowing to do that, because the interest will eventually be more than than a 100% of total income. Wow sounds like loan sharking isnt that illegal?
I'm suprised to see the poor results.
Pages