This is NOT a credit problem, this is a solvency problem... banks won't lend money to people or companies that cannot repay the loan... this is the problem... so, people who couldn't afford the loan in the first place are now defaulting, and companies who are broke should go bankrupt, but instead obama is printing unlimited money to bail them out and keep the hoax going... in other words, debt was packaged as an investment... so now, when the music stopped, the government is now stepping in to "bail us out," except they're doing the exact same thing, the government is creating more debt and packaging it as an investment... what a hoax... but, when the buyers of our debt begin to realize the country is also bankrupt and there is no one to bail out the country, then the buyers of our debt will stop buying and the United States will also have to go into bankruptcy... did you ever think of that?
Of course, I would call anyone on what they do when it makes no sense, what a silly question...
GZ |
