Oct 21 2008, 11:15 AM
QUOTE(cstkl1 @ Oct 1 2008, 09:04 PM)
hmm this is the problem with ppl ...
ok dude lets look what ure saying
1.U say dont bail wallstreet aka ( think about it longer its the same as saying dont position ureself for a profit position)
instead let banks fall ( all loans are backed up deposits which are partially underwritten by some insurance company on a cascading effect)
a. So instead of helping the debts of the banks.. ure asking the government to float more dough to pay back the deposits which will be taken partially by creditors.. ( aka a lot of ppl forget.. when u say bankrupt.. that means u have debtors).
b. Let the insurance companies suffer???which are again backed up by deposits/long term risk leveraging which in this case is totally unaccounted for..(doubt the actuary placed a heavy weight on AAA rated instruments failing by 50%.)
confirm last post.. kekeke
Dear pal, ok dude lets look what ure saying
1.U say dont bail wallstreet aka ( think about it longer its the same as saying dont position ureself for a profit position)
instead let banks fall ( all loans are backed up deposits which are partially underwritten by some insurance company on a cascading effect)
a. So instead of helping the debts of the banks.. ure asking the government to float more dough to pay back the deposits which will be taken partially by creditors.. ( aka a lot of ppl forget.. when u say bankrupt.. that means u have debtors).
b. Let the insurance companies suffer???which are again backed up by deposits/long term risk leveraging which in this case is totally unaccounted for..(doubt the actuary placed a heavy weight on AAA rated instruments failing by 50%.)
confirm last post.. kekeke
For your information, U.S. National Debt is $10,345,181,748,100.58 and increasing $3.45 billion per day. The estimated population of the United States is 304,945,588, so each citizen's share of this debt is $33,924.68.
U.S. is a nation live with extreme high leverage and borrowing. They import goods and products from the world without paying money because U.S known as strong economics. They borrow money and issue government bonds, declare war to conquer country, pull down other government and bring in all U.S contractor and share the profit with their banker, get money from the banker and dump the into the war machine for weapon production and R&D, this successful make the war machine and financial company stock price hit and lead the stock market to grow.
In short, U.S economic deserve a burst and this is a structure problem, it'll take longer than 1997/98 criss to recover. Their new issue tons of government bonds to save the bank have restore some of mess. They decide to keep the bubble growing, one day it'll burst, and U.S will no longer a world leader then. Is time for China to claim his position, Hong Kong will become the World Financial Center.
This post has been edited by jedileong: Oct 21 2008, 11:17 AM
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