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I saw on McLaughlin Group that the total bailout distrubution in the past year was $5.32 Trillion. The $9 Trillion in bailouts you have are "pledges" not actua

by pj 18y ago

I saw on McLaughlin Group that the total bailout distrubution in the past year was $5.32 Trillion. The $9 Trillion in bailouts you have are "pledges" not actually distributed. Also, I am not so sure these bailouts count as debt, much of it will be loans to corporations and printed cash -- which may be worse than debt in the long run.

febeling 18y ago
There is no such thing as "printed cash," that's just another word for government debt. Sometimes with the additional meaning that the debt papers where directly sold to the central bank, instead of going through fixed-rate market. This direct selling of paper is the ultimate mark of unsound monetary policy, btw. Watch for it in the months to come.