The banking systems of the world are once again “in desperate need of liquidity” or else the entire world economy will come crashing down.
In normal language, this means they need the central banks of the world to print huge sums of money (over $50 billion in this case) and hand it to them.
Two questions:
1) Why do these dumb motherfuckers still have jobs, let alone jobs important enough to be central to the world’s economic health? All they have done is fuck up for a decade now. If we aren’t going to throw them in jail for their crimes, can we at least fire the assholes?
2) Even if you assume the $50bn is necessary (it probably is thanks to the European Central Bank’s intransigence), when do the American people get a big blast of money to help their liquidity troubles? If the Fed can just print cash, why not do it to help regular people get out of debt? $50bn would equal $350 for every adult American - small change but every little bit counts when most Americans are going to go out and spend it right away for the holidays (thus stimulating the economy).
Considering there were $1.2 TRILLION in free loans given during the 2008-2009 stretch, I think the least the Fed could do is write everyone a $10,000 check and we can be done with this shit.
Greg
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