At the time of the GFC i wondered why bailout money was not given to consumers so as to be able to pay down debt which would in turn reduce some of the banking ect losses. Consumers would then be better able to continue consumption.
It is only since then i have realized just how corrupt and manipulated the self serving global financial system, Govts etc are. Bailing out the banks etc (which is in my view a form of nationalizing anyway) is pointless in that they only continue to behave corruptly on a massive scale, and continue risk taking which involves driving up costs (oil, food etc) via commodity speculation.
Ultimately asset prices are crazy due to massive debt. Not sure how bailing out the consumers might positively impact.
Couldn't believe when i googled "quantitative easing ". I reckon grade ones would come up with that solution, only they wouldn't be giving it to the idiots that made the trouble in the first place.
