Quote:
Originally Posted by billet370
yea these bailouts are destroying the market and sooner or later all currency is going to get jacked. I honestly think ONE DAY a global dollar is going to replace all of this. It will be the way all countries eliminate their debt and start fresh. Kinda like a bankruptcy lol. Bankruptcy is my specialty and if I have to advise anybody of it...it would be a few countries
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It's really just so artificial. with businesses and countries alike, sooner or later you just have to let the bad ones fail. what amazes me, is that all these banks which got bailed out have invested a huge amount of money in the recent IPO (take 2) of GM, which was also bailed out. So american tax dollars bail out a failing car maker. Then banks fail, they get bailed out by tax dollars. Then they come back and invest in the company that failed and got bailed out with tax dollars. seems kind of incestuous.