Paulson left with the goods. He took his wad of cash and went to China. And like a cursed idol he then saw devaluing economic trends in China. Now he wants to make Goldman Sachs 2 - China an American liability when he does the same stupid stuff he did before, but, without Chinese regulation. Then China will have to bail him out, but, what he forgets is that the Chinese sentenced the "Baby Formula" and "Dog Chow" manufacturers to death.
If he is relying on the same compassion from the Chinese as from Americans he is barking up the wrong tree. He won't be met with anything, but, distain; unless George "W"'s brother has influence, then he might receive an exist visa and be grateful for it.
Quantitative Easing was to put 'liquid capital' in the hands of a recovering financial systems since it was believed the banks had no residual cash to lend Americans.
There was a cap on QE1 and QE2. There is still no cap on QE3 since it was designed to meet stubborn unemployment figures. The banks are simply feeding at the trough and have no intention of doing anything else with an infinite timeline.
It has to end and stop the ideologies being toyed with by the financial sector. Americans need to build their OWN local economies, enjoy and make it their future and that of their children.
"Wrap you mind around the idea that a well educated society rich with diversity and value of all that is possible is a great America. Economic growth comes out of ideas and not population. The greatest sin in pursing that path is the desire to be full of goodness and possibility. That is never a bad thing. Economies can be what a society makes it and not just based on fulfilling a need. Does the carnival ride fulfill a need? No, but, it sure is fun. AND SAFE."
America's greatest need is disposable income. It builds rainy day funds, a down payment on a home and QUALITY OF LIFE. Where do Americans find disposable income? Unions and vibrant local economies. What happens with disposable income? Spending, a larger economy, more opportunity and a larger tax base leading to more police, firefighters, teachers and better educational opportunity infrastructure.
If he is relying on the same compassion from the Chinese as from Americans he is barking up the wrong tree. He won't be met with anything, but, distain; unless George "W"'s brother has influence, then he might receive an exist visa and be grateful for it.
Quantitative Easing was to put 'liquid capital' in the hands of a recovering financial systems since it was believed the banks had no residual cash to lend Americans.
There was a cap on QE1 and QE2. There is still no cap on QE3 since it was designed to meet stubborn unemployment figures. The banks are simply feeding at the trough and have no intention of doing anything else with an infinite timeline.
It has to end and stop the ideologies being toyed with by the financial sector. Americans need to build their OWN local economies, enjoy and make it their future and that of their children.
"Wrap you mind around the idea that a well educated society rich with diversity and value of all that is possible is a great America. Economic growth comes out of ideas and not population. The greatest sin in pursing that path is the desire to be full of goodness and possibility. That is never a bad thing. Economies can be what a society makes it and not just based on fulfilling a need. Does the carnival ride fulfill a need? No, but, it sure is fun. AND SAFE."
America's greatest need is disposable income. It builds rainy day funds, a down payment on a home and QUALITY OF LIFE. Where do Americans find disposable income? Unions and vibrant local economies. What happens with disposable income? Spending, a larger economy, more opportunity and a larger tax base leading to more police, firefighters, teachers and better educational opportunity infrastructure.
