ainitfunny
Saved, to glorify God.
I have spent quite a while listening to so called experts and totally ignorant people (who also have their opinions) argue about the economic problems America (and the world) is having and whether it was right or wrong to "bailout" the bankers and insurance companies and whether it would be right or wrong to bailout the homeowners and companies such as GM, Ford, Chrysler and other manufacturers, farmers, and American industries and businesses PRIMARILY driven into near bankruptcy by the credit freeze.
Listening to the "talking heads" discuss the problem on CNBC (the business coverage TV station) I suddenly realized when one man said "We already have the bankers and insurance companies in the lifeboat, there is only so much bailout money, we CANNOT take GM and the other American automakers and businesses in without swamping the boat!" They frame a "zero sum game, pick your side". THEY HAVE COMPLETELY MISUNDERSTOOD THE PROBLEM and "framed the discussion" about "bailouts" in a way that leads to no understanding, no solutions which work, and pits us against each other in countless adversarial groups and interests.
IN ORDER TO FIND WORKABLE ANSWERS TO SAVE THE NATION WE HAVE TO "RE-FRAME" THE DISCUSSIONS AND THROW OUT EVERYONE'S INPUT WHO CANNOT ADOPT A NEW FRAMEWORK OF ASSUMPTIONS ABOUT HOW THIS ECONOMY WORKS.
First of all, it is NOT a matter of "taking GM, FORD and CHRYSLER", homeowners and other struggling manufacturing and other industries into the banker's or government's rescue "lifeboat". YOU WALL STREET AND FINANCIAL EXPERTS DO ERR IN THAT "We whom you imagine might "swamp" your lifeboat ARE YOUR LIFEBOAT. We ARE the LIFEBOAT THAT WILL SAVE THE SYSTEM. We are telling you that you must USE US TO MAKE THE LIFEBOAT BIGGER, INCLUDE US OR YOUR EFFORTS WILL BE IN VAIN.
If you want to leverage, build and sustain a great world economy, NOT ON YOUR SWEAT AND COLLATERAL but, upon the foundations which we, by our efforts, provided as a FOUNDATION for your inflated, leveraged, prosperity (whose benefits every year you more tightly circumscribed from sharing) then, if you don't want to kill the geese that have been laying your golden eggs you MUST SHORE UP THE FOUNDATIONS UPON WHICH YOUR LEVERAGED "SUPERECONOMY" IS BUILT. Giving bankers ANY money was the height of stupidity and completely misunderstanding HOW LEVERAGE CAN WORK IN REVERSE TO GET US OUT OF THIS.
PAY ATTENTION HERE; If a $300,000 home is collateral for 40 times that amount in our economy through leveraging and derivative financial instruments, thus each $300,000 was controlling(collateralizing) $12 MILLION dollars of the economy! I ask you then, which makes more sense and is CHEAPER.... should we throw $12 million at the bankers who "lost" $12 leveraged millions off the 'default' and lost leveraging.....OR SHOULD WE TAKE THE SAME $12 million and bail out 40 or more $300,000 homeowners THEREBY WITH ONLY 12 MILLION RESTORING at least $480 MILLION LEVERAGED DOLLARS TO THE ECONOMY? Or, with a MERE $45 BILLION assist to homeowners (instead of $800 billion bailout) you could have injected $1.8 TRILLION back into our economy!!
The manufacturers, the American businesses, the industries and agriculture are the humble real world foundation upon which, although they represent a fraction of this "leveraged" economy are built , (YES WE KNOW, EVEN GREATER THINGS AND ECONOMIES ARE BUILT THROUGH "LEVERAGING".) But, the foundations cannot either be untended, disregarded or dispensed with. THEY ARE THE FOUNDATION. FIX THE FOUNDATION AND YOUR SUPERSTRUCTURE WILL HOLD. Ignore and cheat in the share of support for your foundation and you WILL see your dreams cast down. You will be building on sand.
And, yes I am aware of the financial con game that FRN's represent, I am just giving a solution as to how to GET BACK to the point where that financial system was still providing some kind of national and world economic stability. The Fed and "Real Money" is an argument for another, less imminently disasterous time.
Listening to the "talking heads" discuss the problem on CNBC (the business coverage TV station) I suddenly realized when one man said "We already have the bankers and insurance companies in the lifeboat, there is only so much bailout money, we CANNOT take GM and the other American automakers and businesses in without swamping the boat!" They frame a "zero sum game, pick your side". THEY HAVE COMPLETELY MISUNDERSTOOD THE PROBLEM and "framed the discussion" about "bailouts" in a way that leads to no understanding, no solutions which work, and pits us against each other in countless adversarial groups and interests.
IN ORDER TO FIND WORKABLE ANSWERS TO SAVE THE NATION WE HAVE TO "RE-FRAME" THE DISCUSSIONS AND THROW OUT EVERYONE'S INPUT WHO CANNOT ADOPT A NEW FRAMEWORK OF ASSUMPTIONS ABOUT HOW THIS ECONOMY WORKS.
First of all, it is NOT a matter of "taking GM, FORD and CHRYSLER", homeowners and other struggling manufacturing and other industries into the banker's or government's rescue "lifeboat". YOU WALL STREET AND FINANCIAL EXPERTS DO ERR IN THAT "We whom you imagine might "swamp" your lifeboat ARE YOUR LIFEBOAT. We ARE the LIFEBOAT THAT WILL SAVE THE SYSTEM. We are telling you that you must USE US TO MAKE THE LIFEBOAT BIGGER, INCLUDE US OR YOUR EFFORTS WILL BE IN VAIN.
If you want to leverage, build and sustain a great world economy, NOT ON YOUR SWEAT AND COLLATERAL but, upon the foundations which we, by our efforts, provided as a FOUNDATION for your inflated, leveraged, prosperity (whose benefits every year you more tightly circumscribed from sharing) then, if you don't want to kill the geese that have been laying your golden eggs you MUST SHORE UP THE FOUNDATIONS UPON WHICH YOUR LEVERAGED "SUPERECONOMY" IS BUILT. Giving bankers ANY money was the height of stupidity and completely misunderstanding HOW LEVERAGE CAN WORK IN REVERSE TO GET US OUT OF THIS.
PAY ATTENTION HERE; If a $300,000 home is collateral for 40 times that amount in our economy through leveraging and derivative financial instruments, thus each $300,000 was controlling(collateralizing) $12 MILLION dollars of the economy! I ask you then, which makes more sense and is CHEAPER.... should we throw $12 million at the bankers who "lost" $12 leveraged millions off the 'default' and lost leveraging.....OR SHOULD WE TAKE THE SAME $12 million and bail out 40 or more $300,000 homeowners THEREBY WITH ONLY 12 MILLION RESTORING at least $480 MILLION LEVERAGED DOLLARS TO THE ECONOMY? Or, with a MERE $45 BILLION assist to homeowners (instead of $800 billion bailout) you could have injected $1.8 TRILLION back into our economy!!
The manufacturers, the American businesses, the industries and agriculture are the humble real world foundation upon which, although they represent a fraction of this "leveraged" economy are built , (YES WE KNOW, EVEN GREATER THINGS AND ECONOMIES ARE BUILT THROUGH "LEVERAGING".) But, the foundations cannot either be untended, disregarded or dispensed with. THEY ARE THE FOUNDATION. FIX THE FOUNDATION AND YOUR SUPERSTRUCTURE WILL HOLD. Ignore and cheat in the share of support for your foundation and you WILL see your dreams cast down. You will be building on sand.
And, yes I am aware of the financial con game that FRN's represent, I am just giving a solution as to how to GET BACK to the point where that financial system was still providing some kind of national and world economic stability. The Fed and "Real Money" is an argument for another, less imminently disasterous time.
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