US bailout will not rescue foreign banks (and they need $1 trillion+)?

Discussion in 'Economics' started by crgarcia, Oct 5, 2008.

  1. jasonjm

    jasonjm


    not being done aggressively enough

    just print the 10 trillion worldwide all in one shot, at once.....

    100 billion here and there is like putting a bandaid on a massive open wound.
     
    #21     Oct 5, 2008
  2. In your opinion, what underpins money? Why is one country's money worth more or less in relation to another country's money?
     
    #22     Oct 5, 2008
  3. jasonjm

    jasonjm

    because none of the major currencies are really better than each other, that's what underpins them, the public has nowhere to hide.

    euro is same as USD is same as yen

    if you look over very long term they move too slowly, or go nowhere vs each other, so the public doesn't care or notice.

    no difference, all govts behave more or less the same.

    so you keep your money in whatever currency you pick, the game goes on

    none of the currencies or even GOLD has any real value at all, except the fact that you are willing to accept it as payment. they are all just junk.

    the only "currency" which threatens to break this mould is actually OIL imo, because it has a real use.

    anyways that's the way i see it.
     
    #23     Oct 5, 2008