The End of American Capitalism - Your MONEY IS REALLY WORTH NOTHING.....

[FunkyTown]

With that "logic," I don't know why they are so selfish and short-sighted. Why stop at $5 trillion, if that will bring a "rally-back." Let's really spark the economy--Zimbabwe style--and up the amount to unlimited. Those little green pieces of paper will bring true wealth--too bad you can't eat them or build (durable) houses out of them.

$5 trillion is $16,666 in taxes for every man, woman, and child in the US. Since that's probably not likely to be where the money comes from (unfortunately as that might start a 2nd revolution), the printing presses will most likely need some extra toner.

Yeah. Uncontrolled inflation essentially renders any attempts at saving for retirement impossible and, in fact, renders savings impossible. It mystifies me that they think two years of rough times is worth decades of impossible times for the most disadvantaged. It's just a terrible plan.

[Hemidakota]

Bush finally signed the bill in saving the Auto business. Canada and other countries, including Japan is doing the same.

[Palerider]

Bush finally signed the bill in saving the Auto business. Canada and other countries, including Japan is doing the same.

I liked this deal better than a total bailout.....

[Hemidakota]

CNN MONEY NEWS -- Treasury's bank bailout widens - announces investments in 92 local banks totaling $4.7 billion.

[Traveler]

If you are convinced that your American dollars are really worth nothing you can send them to foolish old me that still believes they really are worth something. This way we can both be happy and convinced we have stood by our beliefs and principles.

The Traveler

[Hemidakota]

"Hello President Bush. I started my bank yesterday and today, I have failed. I am in need of 4 billion dollars. Please wire it to the Cayman Island National Bank by tomorrow. Thanks. Your friend. HD"

[teddyk]

Please do not burn your money. It is not good for the environment. If you will send it to me, I will recycle it - for free.

The Traveler

Yes, it leaves a carbon footprint,give it to traveler,his do-nut fund is dangerously low;)

[austro-libertarian]

Your money is worth less than the metal used to make it:

By one estimate, the mint lost over $100 million making pennies in 2007, with costs ranging from 1.2 to 1.7 cents for each penny made. So the government is likely to change these coins to an even cheaper metal, this time steel, which is as cheap as it gets. The next step would be to abandon the coin altogether (as many countries have done with their smallest denominations) and have people round prices off to the nearest nickel or dime. At that point, governments should have the "coinflation" problem pretty much taken care of.

Here in OZ, the penny no longer exists, and the price is rounded up or down.

[a-train]

Check out Current Melt Value Of Coins - How Much Is Your Coin Worth?

-a-train

[Hemidakota]

CNN MONEY NEWS --- -- U.S. budget deficit in 2009 will rise to record $1.2 trillion, or 8.3% of GDP, not counting any Obama stimulus, government estimates.