The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Ploni who wrote (27453)	3/15/2010 4:41:19 AM
From: Real Man	1 Recommendation Read Replies (1) of 71456

That too. The Fed and the govt. simply attempt to avert it all by purchasing MBS directly and requiring or providing banks with incentives to slow down foreclosures, but they keep rolling in. While many on bearish threads argue that capitalism should be allowed to work, I do find it's punishment too cruel and inhumane (homelessness, joblessness and death) Our society simply works to lessen widespread hardship for it's citizen. Yes, many were guilty of being financially irresponsible, some by necessity. We should be rightfully outraged when the bailout money goes to the rich elite, rather than folks who are experiencing extreme economic hardship. Unfortunately, that's exactly what happened. The proportion of the money that went to elite eclipsed anything the govt. provided in order to lessen the strains on families and individuals in extremely bad economic conditions due to the crisis. W.'s administration even attempted to rob SS funds with the goal to give them to WS. Luckily it did not happen. Such actions are causing the bankruptcy of the govt. itself.

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