Posted on 11/25/2008 2:55:09 PM PST by Halfmanhalfamazing
In doing the research for the "Bailout Nation" book, I needed a way to put the dollar amounts into proper historical perspective.
If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars.
People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.
Crunching the inflation adjusted numbers, we find the bailout has cost more than all of these big budget government expenditures – combined:
• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion • Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion • Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion • S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion • Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion • The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est) • Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion • Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion • NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
Just............... dang.
Staggering.
Hide your money....quick...they’re coming for it....
How are they going to pay for all of this? Will they issue Treasury Bills/Bonds totalling $4.7 Trillion or will they monetize that amount? If they monetize it doesn’t that mean immediate and disastrous hyperinflation? Or is there some other mechanism that I don’t know of?
Heard this on Rush today. WW II could be added in. The weird thing about this is that we don’t get any news out of it.
Aren’t we in danger of deflation now? So would it even matter that the Fed is printing money since there’s not enough $ in the economy right now.
It doesn’t seem right that all they have to do is print money and then drop it from planes, but maybe it is. I don’t know.
My money has been under the mattress...investing
in bedbugs...pretty soon....with the new Obamaclintoon crowd...it won’t make any difference...we all will
be bailed out..supported by all those who used to
make $250 grand a month on the market...so they will
give it all to ..us..we need the pampering?? jj
I like to rub it in to the libs I know that the bailout cost more than the Iraq war...times 3! LOL
BUMP
“or will they monetize that amount? If they monetize it doesn’t that mean immediate and disastrous hyperinflation?”
I bet they’ll monetize it, but it won’t necessarily lead to hyperinflation. Politicians and talking heads will tell us to stop being afraid and pessimistic and just go with the flow. If it gets too dangerous, they’ll institute bank holidays, cap prices, and hang people for hoarding.
Hmm .. more money ... more money supply ... inflation. How do you think they will avoid it?
“Hmm .. more money ... more money supply ... inflation. How do you think they will avoid it?”
I think we have a failure to communicate. Mere inflation is a different matter from hyperinflation. I have always heard hyperinflation defined as the collapse of currency. You know, when everyone suddenly realizes that money isn’t worth anything, everyone tries to get rid of it as quickly as possible, prices double about every other day, etc.
It seems hard to believe that the printing of $4.7 Trillion won't cause hyperinflation. After all, our current GDP is about $14 Trillion and they are now going to print another $4.7 trillion. That sounds like the sort of conditions that would spawn hyperinflation. Am I missing something?
Nope. That's about it.
L
And they didn't even give me a lousy T-shirt!
“That sounds like the sort of conditions that would spawn hyperinflation. Am I missing something?”
One could argue that our money has been debased enough for hyperinflation to occur. Fed bills haven’t been backed by anything for a long, long time. Why it hasn’t happened yet I don’t know. Ask a psychologist. I guess people are more willing to live with a known evil than to fly to that they know not of.
This country is being destroyed at warp speed. Shortly, all that will be left is a gutted shell with 300 million slaves and dhimmis murdering each other for scraps of food.
Nice legacy we've inherited and are about to pass on, huh?
I don’t think the government can print that much money fast enough. They’ll probably have to out source it to the N Koreans, or just accept their counterfeit super C notes as genuine.
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