Plunder redefined by the Boyz in DC!
I’m so stimulated that I’m comfortably numb.
A few trillion more and we’ll be talking real money.
Just what we need, more speculators running up the price of homes flipping properties then demanding to be helped out.
is there double counting here ?
TARP funds were used for the auto bailout...
ARrA fundS were used for homeowners bailout...
$4.39 trillion of ‘quantitative easing’... IOW, devaluing the dollar.
the estimated devaluation was $6 trillion. there will be at least another $1.5 trillion in ‘easing’ in the next couple of years
which, of course, will push gold higher... along with everything else... by about 25% from where we are now
ofc, if the estimates of where silver is headed are true ($100/oz), gold could be headed for $5k/oz
either way, the dollar isn’t getting stronger any time soon
What’s Operation Twist?
A fair start, but not specific enough. For example, exactly what did the $300B for the automaker “bailout” go towards? What did the auto makers use it for? Pension buyout/payoff? How much went towards salaries/bonuses/kickbacks/offshore bank accounts, etc?