This isn't Monopoly money...stop the presses

Someone forgot to tell the world bankers that the money that they have been relentlessly printing for months on end, isn't monopoly money. Between the US, China and Canada I would say that we must easily be into the Trillion dollar figures in terms of bailouts now. This is scary.

The funny part is that the normal person thinks that the governments are doing the best thing for the economy, I disagree with this notion. They are spending billions of dollars to bail out companies like Citigroup, GM, Ford, Bank of America.....and many more. So essentially these the government is handing these companies money in order for them to reconstruct their business. How are they accomplishing this you ask? Taxpayer money. My main issue with this is that these companies failed because they had poor business models/bad management and instead of letting them go bankrupt the government is saying here is some taxpayer money try to fix it. But these same people are going to make the same errors down the road and likely make the problem worst. Cynical opinion, yes very but at least it is realistic. So here bad company, here is some money so you can blow it and we can press rewind and play in a few years!!!


The government is fleecing people... and people have been put to sleep- sing me a lullaby please. The fundamentals are improving (positive yes) but they are doing it strictly due to government intervention... this is not good. Markets/the economy don't bottom when government want them to.... they bottom when supply/demand is at an equilibrium point. If the economy was truly at a bottom I would expect to see it improve on its on accord rather then here is a trillion dollars now fix it.

The problem I see down the road... is inflation and nobody will say it or admit it of course. But when there are this many dollars floating around, it is a recipe for disaster. The government will have to start hiking rates later this year without a doubt. Does anyone Remember the 1980's? When the government had to hike mortgage rates throught the roof. I've read about it, and I spoke to my dad who said he was paying 18% on his mortgage. The price of goods went up as well. I see this happening in the future. Where the price of food rips higher, the price of everyday goods becomes so expensive that it becomes a burden on the average person.

Anyways maybe tomorrow I will talk about some positive stuff- actually I will for sure. Don't get me wrong I am happy to see the economy "recover", but history has shown that when the government does what it is doing right now it does not work out very well. In the meantime... someone please hit the button for the printing presses.