The Reason Why They Are Spending $700 Billion!

This is the real reason why the American government is spending $700 Billion to rescue the banks and other financial institutions!

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News & Politics

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• billion
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• american
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• banks
• financial
• rescue
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[meshkiux]

shave ur beard(: u will look younger and thinner, guarantee(:

[GrahamAndFriends]

yes you are correct. This is my winter beard. When the summer comes it is usually too hot and sweaty to keep the beard. So the beard normally goes in the summer.

[trigueno2006]

u wanna make $16/hr as a bouncer cuz ur a big scary dude

[GrahamAndFriends]

no thanks.

[farnk]

Hmm maybe that's why we're occupying Iraq. Besides fighting Osama and terr of course. We'll have to see what El Presidente mutters to the UN today. Can I defect to Australia?

[GrahamAndFriends]

sure there is plenty of room in the Land of OZ!

[CIAPigeon]

The USA is going bunkrupt and the world economy will be sent into chaos with it. This is all part of a bigger, darker, more sinister plan. These guys in the White House are a bunch of criminals mate .. the elections will be cancelled and ...

[pandaman434]

I blame this on Bush...cause he is =P

[ClassicMariah03]

*speachless* S-S-S-S-S-S-S-S-S-S-S-S-S SEV-SVE-SVE-SVE-SEVEN HUND-HUND-HUND-HUND-HUNDRED BIL-BIL-BIL-BIL-BIL BILLION DOLLORS :O

[H13R0PHANT]

You have it backwards. The bailout devalues the dollar, because it basically means that the U.S. gov will be printing $1Trillion dollars. The bailout is to pay foriegn investors to intice them to keep investing in the U.S. I don't know if you have heard, but the U.K. may be following suite.

[crackerfunk]

As the value of the US$ declines, oil prices rise because it takes more US$ to get a good return on their sale. At the same time, countries with large US$ reserves (like those in OPEC) become more and more likely to dump those US$ the more it's value dips. US$ are not just used to quote a relative price. I'm not offering conjecture, I'm offering facts. If you want more than I've offered you can do your own research or take a couple classes.

[crackerfunk]

No, you are not allowed to settle in any currency you want. The nation selling the oil chooses which currency the transaction actually takes place in. Iran, for example, has already decided that all oil sales will be in the Euro. Actual Euros are being transfered. It is not merely a price quote.

[miamidot]

They are not printing more money. They are selling more obligations to raise the funds.

Guys, your govts are giving money to our govt with the promise that we Americans would work hard enough to improve the value of our debt so that our debt can be used as stable form of currency. Your govts do not expect us to pay you back.

Thanks for the contribution, guys.

[Ba101]

The Idea, as I have heard it,is the transfer of wealth to fewer and fewer people and to destroy the dollar so that they can intruduce a new currency as the solution.

Printing more money devalues the dollar.

according to Senator Paul there is no way now to prevent a recession or depression, just the

length/severity of it.

this is manipulation by the central bank as it was in the depression. So that they will control more of the wealth

see "money masters" video.

[miamidot]

"...are only sold in US$, most importantly oil." Wow!

Oil is quoted in US$. Sold vs Quoted - two very different words.

If I committed to contract at $110, am I not allowed to settle in Yen? Would Venezuela be happier to receive Yen or US$? Would Yemen refuse settlement in Yuan or Euro on a contract stated in US$? Or would they yell "Thx Allah! for the Yen than lousy US$."

You need to provide actual figures, not just conjectures.

[crackerfunk]

The US$ is the de facto currency for reserve banks all over the world. Many things are only sold in US$, most importantly oil. The farther the value of the US$ drops, the less profits can be made by OPEC countries. If/when OPEC switches to the EURO all of those reserves holding US$ around the world will unload them for EUROs, devaluing the US$ even more, and that is when the $hit will really hit the fan.