3 ms·

OK, if the part of the acquisition agreement with government is "QE if needed", then it makes sense to acquire CS to continue kicking the can forward.

• chaosbolt 4y ago
  >agreement There is no agreement in my opinion and there never is on QE, but what choice does any government have between "1 Trillion loss that can trigger more loss and potentially cause a revolution, a famine, a war, etc..." and "kick it down like those before me did and those after me will do", the can has already been kicked enough times, might as well continue until some genius comes up with a new financial system adapted to the 21st century. People always expect solutions, sometimes there aren't any that are satisfactory. The people who added so little value to the market and got so much out of it pulled that money from somewhere, someone built those houses etc... sure war and conquest has helped modern empires like the US, but it can only get you so far before you start risking nuclear armageddon, plus it's really, really, really, evil, kids getting bombed for oil is evil no matter how you put it... the alternative is well crafter financial systems that borrom from the future to spend today, aka QE, your grandkids will pay those interests on that loan the fed printed and lent the treasury, but you will have a more comfortable life.