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Old 11-27-2008, 06:18 PM   #1
ZenGum
Doctor Wtf
 
Join Date: Oct 2007
Location: Badelaide, Baustralia
Posts: 12,861
You're kidding, right?

Quote:
That new bailout, announced Tuesday, will be financed by a different pile of funding - most likely from the printing of more money. The Federal Reserve and Treasury Department said they will allocate $800 billion more to go to holders of loans backed by consumer debt in an attempt to jumpstart lending by the nation's banks for mortgages, credit card purchases and cars.
Nope, he ain't kidding.


Not just Zimbabwe, I'm thinking more like the hyperinflation in Germany in 1920-1923, which was caused by the same overprinting of cash. We all know where THAT ended up. Little man, what now?

I'm off to buy some tinned food.
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Shut up and hug. MoreThanPretty, Nov 5, 2008.
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