wiggaplz
11-18-2008, 01:09 PM
Someone explain to me how these bailouts are going to help the economy.
Basically (and i've said this in another thread) it's pretty simple. If they keep bailing out private companies with money just printed out of thin air, doesn't that just devalue the currency which means:
1) saudi's will start selling in euro's
2) inflation
which means.....probably not the depression but probably 15-20% unemployment.
....aren't these bailouts only going to work for a year, and then america is back to square one, and WORSE off then they are now.
What the hell?
I just don't see how major american economists can do this. They were the superpower for a century now. Call me a conspiracy theorist....but how don't these economicsts know what the fuck they are doing?
Basically (and i've said this in another thread) it's pretty simple. If they keep bailing out private companies with money just printed out of thin air, doesn't that just devalue the currency which means:
1) saudi's will start selling in euro's
2) inflation
which means.....probably not the depression but probably 15-20% unemployment.
....aren't these bailouts only going to work for a year, and then america is back to square one, and WORSE off then they are now.
What the hell?
I just don't see how major american economists can do this. They were the superpower for a century now. Call me a conspiracy theorist....but how don't these economicsts know what the fuck they are doing?