...it is attempting to render imaginary money real.


if I promise to pay consultant a billion dollars, but I dont have a billion dollars, then the money doesn't exist.  it was imaginary.

clearly what should happen in this scenario is that I go bankrupt, consultant goes bankrupt, everyone depending on consultant goes bankrupt and *poof* the imaginary money disappears in a puff of desperation.

its like schroendingers cat, nobody officially knows whether the money exists or not until the moment I actually have to pay it out.  when the moment comes, suddenly the waveform collapses and we can all see the truth.


the banks, finance companies and investment funds and other lunatic organisations have created *trillions* of dollars worth of of imaginary money, and the government is attempting to ensure that the moment at which the waveform collapses never happens, and they are trying to do this by *pretending that the imaginary money is real*

this will cost them billions upon billions upon billions of dollars and it *will* ultimately fail simply because of the sheer amount of imaginary money created.

it sucks that they did this, but the simplest and cleanest way to clean the mess up is to simply let the waveform collapse and then see exactly how much *real* money is necessary to clean up the mess.

"if I promise to pay consultant a billion dollars, but I dont have a billion dollars, then the money doesn't exist.  it was imaginary."

It's not imaginary.  Picture a co. on Wall St. issuing more stock.  It dilutes the value of all the stock already out there, but it is no less real.  Same with dollars, diluting the base should cause inflation, but if it doesn't then you can bet they will get all tickled pick and want to print more until someone tells them to "Stop printing it, you dunderheads."

SB: tickled-pink

"It's not imaginary."


it *is* imaginary.  it doesn't exist, and I am talking about it as if it does.  that is the *definition* of imaginary.

Part of the reason for all this is that the world think dollars and American investments are the safest bet.

So bailing out Wall St. is really just saying like sweeping the dirt under the rug so that we can re-attract the intl. investors that left the USA marketplace.

I guess if this were a trading exchange in, say, New Zealand, you wouldn't have these same strange illusions that we have here about attracting foreign capital.  So the game ends up being rather rigged.

If it wasnt' for the world pumping up our banks, it would make more sense for our govt. to nationalize some banks or create a national bank, and then let these other big banks all fail.  You would forever lose the intl. investment, but also the incentive for corruption and ridiculous bonuses.