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The problem with printing money is that we can't print it fast enough. Most of the money actually printed only covers what is destroyed during circulation.
The money injected comes from banks lending. You deposit $100. 7% is kept the rest is loaned out. With the bailout the banks don't have to maintain the liquidity needed for outstanding loans. Therefore hopefully will lend more money.
Yes what is needed and will be used is FDR's playbook. Just hope they don't wait too long.
The siren song of less "Big guvermint" and "no taxes" has led to this mess. Now is the time to step up to the plate and save your country and life as you know it.
Also, we has better be concerned about America's debt holders (ie. China) if they start selling the dollar will crash and no one will buy anymore US debt. Then we will see how bad is bad.
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