Has anyone ever wondered if the tarp program was a bad idea?

[Treasure_Hunter]

No problems on your comments. I didn't realize and I don't think the other mods know that members can't read the reason we post on why a post is removed, evidently only mods and admins can see that.

 

Amazon Forum Fav 👍

How to Research for Treasure Hunting and Metal Detecting From Lead Generation to Vetting - Grab it through Amazon!

[SuburbiaStopPushing]

No problems on your comments. I didn't realize and I don't think the other mods know that members can't read the reason we post on why a post is removed, evidently only mods and admins can see that.

Thanks. Yeah, I found it strange as well, as before I became a member and solely lurked these fine boards, I'd see posts edited with specific violations posted by mods all the time, which is why I was so curious as to what happened. Perhaps it has to do with my low post count or recent registration?

Anyways, let me try again to post my thoughts on TARP without being political. The bailout money Congress gave banks, in a sense, wasn't from some vast vault of taxpayer-collected money; it was loaned into existence by our Federal Reserve, the bank which controls the printing of our money through the Treasury. Most Americans believe this bank to be a public monolith, when in reality, the Fed is actually a private bank which has a monopoly on money printing. Due to their existence as a private bank, they accrue profits as any other bank does: By making loans and charging interest.

...the only problem is, since the bank making the loan has the power to issue money by fiat, the new currency they inject into the economy through stimulus or bailout makes the purchasing power of every dollar in your bank account and pocket plummet. Simple supply and demand. It's a controversial view in the face of a Keynesian-controlled market, but if you want to know more, here's a good place to start. I'm not saying the Mises Institution has all the answers by any means, but if you're concerned about the recent depletion of your 401k, (or any savings for that matter,) it's worth a quick read!

 

[Treasure_Hunter]

I'm glad you understand. If we just edit a post there is an option (reason box) we can use that tells why the post was edited, but if we remove the post then evidently the option for why it was removed is only visible to the moderators if the reason box is filled out.........

 

[Moonrover]

Another simple analogy from Moon Chan:

Banks = big hot air balloon
TARP money = hot air

Balloon falling. Hot air added. Balloon appears to rise. Hot air cools. Balloon starts fall again. No more hot air available. Balloon sinks to ground. Collapses.

Same result with or without addition of first hot air (TARP). Only difference slightly longer ride.

Methinks balloon ride about over.

Buy gold and silver. Not another balloon.

Moon Chan not run for political office. Moon Chan run for hills.

M

 

[Dave44]

And another opinion of TARP. Funny how many think it was a good idea?
Barofsky: TARP was double-edged sword for banks - MarketWatch