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Gold/Mining/Energy : The Great Gold and Silver Mining Rush of the 21st Century

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To: LoneClone who wrote (9116)10/7/2025 7:58:39 PM
From: Valuepro  Read Replies (1) of 9432
 

"I find this ultra-right wing US government buying stakes in corporations rather bizarre. Isn't that called socialism?"

Not exactly."

As a free market capitalist, I don't like it, but we don't have a free market when the government and its banker - the Fed - can print money whenever they want. Moreover, this is not without precedent. It's more common than most of us can realize.

investopedia.com

Yeah, technically, most of what they are talking about not bailouts. But the "investments" serve the same cause. That is, solving an economic need that can not be addressed if left alone. My first recollection of something like this was when the government to a position in Chrysler back in the 80s, I think it was.

When such is done with direct investment by way of stock purchases, the stock is sold when the need is satisfied. And Congress usually has the authority to call for that.

By the way, it seems Canada has something called "Crown corporations."
policyschool.ca




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