US authorities unveiled a dramatic escalation in their economic firefighting programme today by pumping $800bn (£523bn) into the mortgage and consumer credit markets, amid further confirmation of a rapidly deteriorating outlook.
where do you think we are getting all this money to continue the bailout? we are borrowing it from foreign countries. what happens when they call in our marker? we go belly up. all great societies have fallen after about 200 years of existence. guess where we are. no need to go to war. we are going to implode ourselves. now we have a crisis and all we can do is throw money at it with no plan in place. how crazy is this. i do not have an answer but i feel real uncomfortable about what we are doing.
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