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| Topic: Can anyone explain where the money is hiding? | |
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I promise to only talk about sex the rest of the night ... swear.
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Just for the record: Tazz42 isn't a dope.
 
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ima dope
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ima dope That's not true at all baby. You I've talked to on the phone!  (Hope that was no secret.) 
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Just for the record: Tazz42 isn't a dope.
I guess I got some 'splainin to do....I chose not to post in this particular thread even though it makes my blood boil! Instead, I emailed a three page rant of what I think to CB...so now he got some 'splainin to do! 
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tazz knows whos got the meat????
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Just for the record: Tazz42 isn't a dope.
I guess I got some 'splainin to do....I chose not to post in this particular thread even though it makes my blood boil! Instead, I emailed a three page rant of what I think to CB...so now he got some 'splainin to do!
TRUE .. but in my defense ... I thought naked pictures would be attached.
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tazz knows whos got the meat???? LMAO!
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Can anyone explain where the money is hiding? Yes. The money is sitting in banks and mattresses, as it should. It is not being loaned out, because the interest rates are too low. Say, I have a mil. You want to borrow it, but only willing to pay me 1% a year. Why bother? I'd rather keep it safe. Another aspect of economy this article hasn't even touched. Credit. Credit is not money. Credit is being destroyed as we watch the train-wreck. So, with regards to credit, the sub-club article is way wrong. The total amount of credit is decreasing. Again, as it should. This is because it becomes increasingly clear, that all the kings are naked. |
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Can anyone explain where the money is hiding? Yes. The money is sitting in banks and mattresses, as it should. It is not being loaned out, because the interest rates are too low. Say, I have a mil. You want to borrow it, but only willing to pay me 1% a year. Why bother? I'd rather keep it safe. Another aspect of economy this article hasn't even touched. Credit. Credit is not money. Credit is being destroyed as we watch the train-wreck. So, with regards to credit, the sub-club article is way wrong. The total amount of credit is decreasing. Again, as it should. This is because it becomes increasingly clear, that all the kings are naked. I get that ... I know there isn't a commensurate amount of actual money to cover what is loaned but should it not be appreciable close? I mean, what happens if the notes are called by, say, China? War? 
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nahhhh war is bad for business
China is dependent on us as consumers |
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I love you kids, btw. 
But I still really wanna' know who has the money. 
say  to the $
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I get that ... I know there isn't a commensurate amount of actual money to cover what is loaned but should it not be appreciable close? I mean, what happens if the notes are called by, say, China? War?
Say you buy the overpriced house, on credit. Now, it is clear that the house isn't worth the price you paid. Where is the money? You may have it, or you may not. You may have 2000. It is close to 500000? Say, AIG makes a promise to pay in case of an event. Event happens, but AIG can not pay. Where is the money? They may have it (bailout), or they may have not. The price they have charged might have been 1 mil. The amount that they now owe could be 10 mil. How close is that? What do you mean by "notes called by China"? In any case, we can always default. As we had in the past. 1933, 1969 comes to mind. |
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Edited by
CleanBathroom
on
Wed 03/18/09 09:54 PM
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China owns well over half of the debt in this country. Heck, China now owns part of The Federal Reserve. What I wonder is, if China's economy slows because we don't buy their crap, and they need that cash, how will we go about making good on it?
The other thing which bothers me is that they manipulate their currency by fixing it against the dollar and euro, which is crap. That's like going to a boxing match with a gun in your hand. If we do the intelligent thing, which is to renegotiate our trade agreements so that the barrier of entry is an even playing field, will they counter by collecting on the debt? It's as though we are held hostage. I'm not an idiot but I'm also underinformed on these things relative to those "in the know." So, I thank you guys/gals for your input in helping me to better understand.
Good thread ... wish I'd thought of it first.
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fock china CB
why do we oew money to our own country????????? please....anyone expalion......cux im lost over 50% of our national deficet is to the US!!!!!!!!!!!!!! |
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China owns well over half of the debt in this country. Heck, China now owns part of The Federal Reserve. What I wonder is, if China's economy slows because we don't buy their crap, and they need that cash, how will we go about making good on it? The other thing which bothers me is that they manipulate their currency by fixing it against the dollar and euro, which is crap. That's like going to a boxing match with a gun in your hand. If we do the intelligent thing, which is to renegotiate our trade agreements so that the barrier of entry is an even playing field, will they counter by collecting on the debt? It's as though we are held hostage. I'm not an idiot but I'm also underinformed on these things relative to those "in the know." So, I thank you guys/gals for your input in helping me to better understand.
Good thread ... wish I'd thought of it first.
China can not collect our debts, beyond of what we are willing to pay. That is the point of fiat money. All we need to do to pay back say 100 Trillions of dollars, is to print 100 trillions of dollars. Will take us may-be a week. They manipulate their currency by pegging, as a defense against us freely printing. Remember, they have to work, in order to say, buy some oil, since it is sold only for dollars (until recently). If it is not sold for dollars, then this is what we have our 5th fleet for. We, on the other hand, don't need to work to buy any oil. We simply push the print button. Trade barriers are erected by a nation for one purpose only: to give to some voters, what these barriers take away invisibly from every voter. You decide, if it is an intelligent thing. |
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I love you kids, btw.
But I still really wanna' know who has the money.
I don't know who has the MOST of the missing money, but there if we follow the birds that are snatching up the crumbs from present-day bailouts it leads away from the flock of crows that made off with the food trail during the years of underwriting faulty loans. Who were the crows following, and where are those crows, now? They followed the underwriters (UW). The UW garnered a profit/commission from each substandard (SuS) loan that was processed. The governing regulators [sic] had created a "guaranteed win" situation, by creating myriad guidelines or regulations or evidences of SuS loan applicability, wherein all the UW needed to do was be the middleman to process the applications. Profits were garnered from processing fees to accommodate the regulations, and is separate from the profit/loss associated with the loan (because the big money would be paid by "bailout" later.) Processing fees were required for sustainability of operations in light of the highly unlikely event of the loans being paid in full. Where are they now? I heard that some of them are now involved in shaping the policies and methods that they say will rectify the SuS debacle. Whether they are directly shaping the policies, or not, means little. The same middlemen didn't even change their stripes, but will now be profiteering from processing fees in the next New Deal. |
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Edited by
Tazz42
on
Thu 03/19/09 08:59 AM
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I get that ... I know there isn't a commensurate amount of actual money to cover what is loaned but should it not be appreciable close? I mean, what happens if the notes are called by, say, China? War?
Say you buy the overpriced house, on credit. Now, it is clear that the house isn't worth the price you paid. Where is the money? You may have it, or you may not. You may have 2000. It is close to 500000? Say, AIG makes a promise to pay in case of an event. Event happens, but AIG can not pay. Where is the money? They may have it (bailout), or they may have not. The price they have charged might have been 1 mil. The amount that they now owe could be 10 mil. How close is that? THE MONEY IS GOING FOR BONUSES TO AIG'S COPORATE EXUCTIVES.......and it's been noted that some of the employees are NOT even working for them but it was in their contracts! Like I told CB in my three page rant to him.....the MONEY is in the Governments pockets and it is NOT being trickled down to the people that need it the most and those people are being thrown out on the f*cking streets and living in cardboard boxes, starving to death.... Now, if there is a problem with the credit and lending agencies...don't ya think that the appropriate thing to do is for our higher-ups to re-evaluate the process of lending and make sure this doesn't happen???????? Our system has failed and is corupt...there needs to be a someone or a group that watches over these people that have this power! But then how do they stop from being corputed as well????? Vicisous circle! Personally, I believe that everyone should "get back to basics" Sorry CB...but the cat's out of the bag!!!! |
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Back a few years ago, China bought mortgages to back up the loans.
Now, only private Chinese investors are buying foreclosures. Not all though. They only want homes in affluent neighborhoods. If they find a good deal on a business, they will purchase them also. I do my part to support Communism. As a matter of fact, I need to get to Wal-Mart today. |
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I get that ... I know there isn't a commensurate amount of actual money to cover what is loaned but should it not be appreciable close? I mean, what happens if the notes are called by, say, China? War?
Say you buy the overpriced house, on credit. Now, it is clear that the house isn't worth the price you paid. Where is the money? You may have it, or you may not. You may have 2000. It is close to 500000? Say, AIG makes a promise to pay in case of an event. Event happens, but AIG can not pay. Where is the money? They may have it (bailout), or they may have not. The price they have charged might have been 1 mil. The amount that they now owe could be 10 mil. How close is that? THE MONEY IS GOING FOR BONUSES TO AIG'S COPORATE EXUCTIVES.......and it's been noted that some of the employees are NOT even working for them but it was in their contracts! Like I told CB in my three page rant to him.....the MONEY is in the Governments pockets and it is NOT being trickled down to the people that need it the most and those people are being thrown out on the f*cking streets and living in cardboard boxes, starving to death.... Now, if there is a problem with the credit and lending agencies...don't ya think that the appropriate thing to do is for our higher-ups to re-evaluate the process of lending and make sure this doesn't happen???????? Our system has failed and is corupt...there needs to be a someone or a group that watches over these people that have this power! But then how do they stop from being corputed as well????? Vicisous circle! Personally, I believe that everyone should "get back to basics" Sorry CB...but the cat's out of the bag!!!!
It ain't just AIG. Fannie Mae, Meryl Lynch and a few others have been mentioned as well |
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