The 200 Billion yesterday meant squat. Its like pissing on a bonfire.

[PatriotG]

After yesterday meteoric rise in the stock market on the fed injection news,I can only conclude that 200 billion dollars isnt what it used to be?

Nice Try FR!
Do we still have to pay it off with our labor?

Mar. 11, 2008 Retail Gasoline Prices Hits Record

Mar. 12, 2008 Euro Hits Record vs Dollar As Fed Euphoria Fades

Mar. 12, 2008 Fed Budget Gap Balloons To Record 175.56 BIllion

Mar. 12, 2008 More Pain Expected Before Credit Market Recovery

 

[ghemminger]

After yesterday meteoric rise in the stock market on the fed injection news,I can only conclude that 200 billion dollars isnt what it used to be?

Nice Try FR!
Do we still have to pay it off with our labor?

Mar. 12, 2008 Euro Hits Record vs Dollar As Fed Euphoria Fades

Mar. 12, 2008 Fed Budget Gap Balloons To Record 175.56 BIllion

Yeah I guess 200 B isn't ain't sh@#, I'd be happy with just 1

 

[ItsTime]

It is worse than pissing on a bonfire. Its like dumping gas on it.

 

[acptulsa]

It is worse than pissing on a bonfire. Its like dumping gas on it.

Pretty much. "Here, have some more inflation!"

 

[ghemminger]

It is worse than pissing on a bonfire. Its like dumping gas on it.

What you said is the direct oppositite of what the OP just said - lol

 

[ItsTime]

I meant you can not print (money) yourself (usa) out of this mess.

What you said is the direct oppositite of what the OP just said - lol

 

[ghemminger]

Now that I think about it you are both right:

1. it means nothing to the economy because 200 billion is nothing to overall GDP

2. It means everything to the deabsing of the USD (gasoline) it is a series of actions leading to the debasing

So what you meant to say is that is is like gas to fire for the destruction of the dollor - but like piss to getting the economy going....

 

[ItsTime]

yup

Now that I think about it you are both right:

1. it means nothing to the economy because 200 billion is nothing to overall GDP

2. It means everything to the deabsing of the USD (gasoline) it is a series of actions leading to the debasing

So what you meant to say is that is is like gas to fire for the destruction of the dollor - but like piss to getting the economy going....

 

[WilliamC]

A billion here, a billion there, pretty soon you're talking about real money.

heh.

 

[acptulsa]

A billion here, a billion there, pretty soon you're talking about real money.

heh.

Except that the more billions you print, the less each looks like real money.

 

[Acala]

But we CAN print our way out of this mess

I meant you can not print (money) yourself (usa) out of this mess.

The Fed keeps creating more money, even inventing new ways to create more money, to bail out the financial elite, and finally the currency collapses and we are out of this mess!!! No more debt! No more crappy dollars! No more inflation! No more taxes! No more war! Three cheers for Barter!!!!

Sure, our standard of living will plummet and we will be lucky to get enough to eat, but all the parasites will have to move on - like fleas leaving a dead rat carcass. Hahahahahaha! They can go to China or Russia!

 

[Brent H]

The Fed's in a desperate race with spectre of collapse

 

[NinjaPirate]

The Fed keeps creating more money, even inventing new ways to create more money, to bail out the financial elite, and finally the currency collapses and we are out of this mess!!! No more debt! No more crappy dollars! No more inflation! No more taxes! No more war! Three cheers for Barter!!!!

Sure, our standard of living will plummet and we will be lucky to get enough to eat, but all the parasites will have to move on - like fleas leaving a dead rat carcass. Hahahahahaha! They can go to China or Russia!

Yeah, but what about the homeowners with monthly mortgage payments? how will they come up with the money for that???

 

[jonahtrainer]

It is worse than pissing on a bonfire. Its like dumping gas on it.

So long as you are referring to the bodily function I agree. Otherwise it is like pissing gas on the bonfire.

 

[acptulsa]

How long before Consumer Reports judges the relative utility of vehicles by measuring whether or not they can carry enough dollar bills to the gas station to pay for the fill-up without folding any seats?

 

[PatriotG]

Oh Yeah it continues: Nice Going Ben!

Dollar tumbles as credit woes batter stocks

US gold hits $1,000 record high on down dollar, up oil

More interesting:

Carlyle Capital Corporation (CCC), a unit of the private equity firm Carlyle Group, has said it will not be able to meet lenders' demands for money.

 

[scooter]

To be honest, the Fed didn't create any new money here. The government had already created this money in the form of debt.

The Fed is merely offering to loan out treasurys that they already own as collateral for mortgage-backed debt.

 

[PatriotG]

To be honest, the Fed didn't create any new money here. The government had already created this money in the form of debt.

The Fed is merely offering to loan out treasurys that they already own as collateral for mortgage-backed debt.

Agreed

Someone will have to pay though when the the bill comes due.
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