Money (Part 1)

Mar 18, 2008 01:50

Okay, I tried to explain this to Samma tonight. She was very polite, but I don't think I was clear. Let me try again. I'm going to write this in parts because it actually makes me physically angry, and I can't write for long lest my brain explode ( Read more... )

economics, politics, money, end of the world as we know it

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twicesliced March 18 2008, 12:25:34 UTC
So the US is scared shitless of recession/depression, and so they threw money at those responsible for this problem; a problem that was caused by assuming that poor people should spend beyond their means... And there's nothing the general populace can do about it.

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theorangemonkey March 18 2008, 21:09:51 UTC
Thanks for posting this - I had a general idea of what was going on, but you put it much more eloquently than I ever could.

One thing that gets me: they privatized the printing of money? I know they like to privatize anything they can get their hands on, but that's insane.

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roneet March 19 2008, 06:25:38 UTC
i'm scared...

:|

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