**fdic unlimited borrowing**

[Pauls' Revere]

Just announced on CNBC the Senate Bill will allow the FDIC to have unlimited borrowing from the US Treasury!

Holy Shit !!!



Sorry it was CNBC I'm watching live on t.v.

 

[pmbug]

They sure are working hard to destroy the dollar.

 

[Pauls' Revere]

fuckers are working to underhand the American people!

 

[Otter Mii-kun]

UNLIMITED? why why why?

Just HOW will UNLIMITED borrowing solve anything when our current system, already based on borrowing near to infinity is what caused the mess in the first place?

How will unlimited cheap credit and continuing to overextend debt solve the problems caused by exactly these two maladies?

Do they really want us to become the next Weimar or Zimbabwe?

I am SO SICK of our Keynesian In Chief's propaganda on how "credit markets are frozen" and "people won't be able to take out loans" and "people won't be able to afford college/car/house/etc"!

 

[InThaBackGround]

The answer here is simple my friend

just how will unlimited borrowing solve anything when our current system, already based on borrowing near to infinity is what caused the mess in the first place?

How will unlimited cheap credit and continuing to overextend debt solve the problems caused by exactly these two maladies?

Do they really want us to become the next weimar or zimbabwe?

I am so sick of our keynesian in chief's propaganda on how "credit markets are frozen" and "people won't be able to take out loans" and "people won't be able to afford college/car/house/etc"!

debt is a wonderful way to keep us all enslaved.

 

[cbc58]

does this not have to pass the house and go to a vote?

 

[Johnnybags]

Err, gold and silver soaring

on the printing presses being open and the national debt soaring. Look for a new dollar low by eoy.

 

[Mark]

Do they really want us to become the next Weimar or Zimbabwe?

It sure would help in reducing the "actual value" of U.S. debt.

If it costs 1 Million dollars for a loaf of bread then 12 Trillion dollars in debt isn't so bad.

Shoot, and it might make us have to join forces with Mexico and Canada in a North American Union the same way they did in Europe.

Then we'll probably need to scrap the dollar altogether and have a new currency like the Amero.


Maybe they're propping the system up until all of the "Elite" position themselves.

Kind of like: "Keep the patient on life support until we're ready to bury him".

 

[autobot]

How likely is this thing to pass?

 

[Johnnybags]

Talk about desperation

they are backdooring it so the FDIC has monopolizing power to take of the bank problems. The taxpayer is on the hook directly with this. They do not need anything else. The FDIC will charge bigger premiums over time but its like 20 years of skyrocketing premiums to bail this mess out. Taxpayer loans the money and FDIC slowly get ts back over time.

 

[Mark]

they are backdooring it so the FDIC has monopolizing power to take of the bank problems. The taxpayer is on the hook directly with this. They do not need anything else. The FDIC will charge bigger premiums over time but its like 20 years of skyrocketing premiums to bail this mess out. Taxpayer loans the money and FDIC slowly get ts back over time.

Central Banks have already pumped Trillions in without a Bailout Bill. Now it's FDIC's turn.

"Bailout by Stealth
While the public is distracted by the "bailout bill" and its rejection, trillions are pumped in to keep financial balloon inflated"

http://www.corbettreport.com/articles/20080930_bailout_by_stealth.htm