Wednesday, February 8, 2012

Do you think average American do not understand how bad this financial crisis is?

When you have the Fed going into the commerical paper market to lend money to business. The start of socialism....is finally starting. Not by a Democrat, but by a Republican President. I don't want to hear that crap, that the democrats control congress. Bush can veto socialist policyDo you think average American do not understand how bad this financial crisis is?I think the average American does understand, but what can they do about it. It's out of their control now, and all we can do is vote and sit back and watch history being made. Do you think average American do not understand how bad this financial crisis is?
I think the average american is overreacting out of fear. They don't even know why they're afraid, they just know that the TV said this is bad. Do you think average American do not understand how bad this financial crisis is?The average American is running in a squirrel cage just trying to pay for gas.
The congress can overrule Bush's veto with 2/3 of the vote...Do you think average American do not understand how bad this financial crisis is?yeahDo you think average American do not understand how bad this financial crisis is?
I think that they are aware of the financial problems at the moment , I just don't think people where expecting it - so it's a shock
The major reason that most Americans do not understand this is because both parties are pointing the finger at each other, and no clear answers are given by either side.



What I know about it (regretfully, not enough) I had to research on my own, but first, I had to sort through the biased, Repbulican-Democrat finger pointing.



But from what I've seen in history, the chances of this turning us into something similar to Germany pre WWII are very high.Do you think average American do not understand how bad this financial crisis is?
What is your house worth? It's 'worth' what ever you can get for it.



What's coming now is government control.

The government will tell you the limit you can ask for your house.



If someone wanted to pay you more, they couldn't get the loan no matter what their credit score.

You will have to make a cash, back room deal.

The government will turn both the buyer and the seller into criminals and if discovered will fine or imprison them both, confiscate the house and give it to someone who could never afford it at any price on their own merits.

It's the deliberate marginalization of America.



If there is one person who is incapable of achieving the American dream, no one will be permitted to have it.
I like to provide this link about the crisis to all mislead liberals so I hope you enjoy it.
Americans do NOT understand how bad this is.

Consider the spiral, like the accelerating water just before it exits the toilet: the money printed to bail out the economy devalues the purchase power of the dollar; the working man will suffer the inflation AND pay the taxes to cover this 'debt' (double whammy); the banks will be slow to lend credit after the bail out, so many small businesses will fail anyway (the third whammy for Joe American)... which will mean more individuals requiring government financial help just to feed the family and use health care (the basics)...more taxpayer money doled out.



The actual implementation of the financial bailout will be slow to happen, so the government will have to lend money directly to businesses to keep them going, which equals more debt for the taxpayer..ON TOP of the 'bailout' money...also resulting in more government involvement of private industry (socialisms ?)



Investors advise to buy 'gold' or 'silver' -- this will not help Joe American when the dollar is super inflated and worthless because the local merchants are not set up to sell you their product in exchange for either the certificate that 'says' you have gold, or the gold that you may have in your hand...so basically, you will be unable to feed the family, even if you were rich with gold. Where would the local merchant or super store redeem these certificates, and they have no mechanisms in place to 'barter' in gold. Local economy goes to hell and you do without, again.



Next, the Americans are no longer efficiently productive and import 'cheap' goods from overseas, thereby coming out on the short end with the trade deficit. So, people with little money buy cheap products (i.e -asian), thereby undermining the production, jobs, and deficit of the USA. So, Joe American prioritizes his needs, but has little spendable income, and most likely will use his credit cards to buy 'essentials' while using his income to keep his house. Joe can only survive so long on his credit (cards, accounts) until tens of thousands of Joe's default on credit cards and accounts ...most of which are connected to banks....and another round of bank (credit cards) and business (accounts) failures become inevitable. Who bails them out at this point ?



I could go on forever, thats a sample, and ALL of the points and illustrations are interwoven, each area of the current American fincancial crisis holding back the connected areas of economy. It's a complex crisis, one crisis compounded upon another.

It's not looking good my friend, it may not be the end of the world, but the life basics may soon be life's luxuries.



And government will be in your face, up close and personal, in the name of micro-managing the economy "for the security and protection of our economy".

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