Forum Post: This is what a trillion dollars looks like
Posted 12 years ago on Dec. 7, 2011, 2:01 a.m. EST by alouis
(1511)
from New York, NY
This content is user submitted and not an official statement
Yep the federal reserve lent out $7.7 trillion at almost zero interest to the banks, not to the unemployed, not to struggling home owners, not to renters in arrears, not to struggling small businesses. NOPE.
Holy Motherfucking Goddamn.!
yeah, it's immense.
It all seems so fraudulent and transparent, like the emperor and his nudity. Wielding power and hoarding wealth are not one in the same.
Yes, it seems absurd.
And yet... A trillion dollars seems a bargain, when purchasing the right to continue living, from those with that sort of power. The wealth often is redistributed after a dramatic period of change. An inevitable and pending change appears to be right on the horizon these days.
I hope you're right.
Thanks, me too. It may be a good time be accustomed to poverty, well read in Solzhenitsyn, and able to enjoy the most simple things in life.
Wow!...just wow...
thanks for sharing this!
A forest.
Of course, the key word there is lent. The strugglers aren't likely to pay it back if they can't pay it in the first place.
And the banks are able to repay? Sure. Borrow at zero, lend to the government at three.
You prefer a collapse? I wonder if you people have any idea what would happen to you personally if half the crap you dream about came true.
"Prefer" a collapse? No, I don't want to see worse than there is right now. As far as home prices go, I see no solution. They're too low for the people in them, too high for people who want them.
Worse than right now is picking garbage in Mumbai for a living. What must really poor people think about these fools.
And BOA sold 70 TRIL worth of insurance that is about to blow up in their face.......
one could only hope