Did you know that the Fed has been bailing out banks and companies like forever?

[Foghorn]

As a matter of fact Hyman P. Minsky warned us about exactly the same thing that happened in 2007. He also said that this depression would be so much worse than anything that has happened before because of this global economy. Remember this was written back in 1986 so there was plenty of warning before the housing bubble crashed.

Another thing that I found of particular interest was what he said about the debt increasing so much more because of these enormous multinational bailouts. He pretty much said that it would be unprecedented in history. Remember this was written back in 1986. This is not a recession but a depression and I doubt anyone is in control of the situation.

http://digitalcommons.bard.edu/cgi/viewc...hm_archive

[Mar]

I say I say this all started in 1913, boy.
I say the bankers attempted twice to control the USA's money supply but it failed. I say Twice. I say I say The third time they knew that they had to fully corrupt the president and the Congress to keep it's legislation. I say They both benefit because bankers give 'charitable donations' with taxpayer money that they steal using the IRS, boy.

[whatever]

yeah I know for long time than my tax dollars is good to bailout the rich people
and go to war to kill a bunch of people who can't even defend itself..!

[colossalbath508]

Yes the government has been bailing out companies/banks forever...
it only matters this time because people are paying more attention to the government. The 24 hour news cycle has made discreet business as usual very hard... So has facebook/twitter and youtube. I'm half anxious about the next 2 decades when we invent the technology to infiltrate and read thoughts...

Clench onto your privacy while you still can...

[Dafuq]

No they haven't... Plus, our debt percent GDP is now over 100%. It's 108.3%, and only continues to increase every year.

Greece collapsed at 125%. Are we just going to let ours continue to increase?

Plus, the Government uses tons of loopholes to keep the interests rates down to 1.3%. If they rose to even 5%, our economy would collapse instantaneously.

Playing with fire on a boat made out of fleece, thousands of miles away from land is idiotic.