US bail-out plan for banks

Ok, so I could write a blog about how terrible IKEA service is, but then everyone knows that already, so why waste time.

Instead I am gonna chat about the US bail-out plan for the damaged banks, in order to save the world as we know it today. It fits under marketing at its best. Why?

Well thats easy, the goverment comes forward with this plan, to lend insane amounts of money to banks who have spent (lost) it completely reclessly over the last few years. GREAT everyone thinks, the government to the rescue, I can continue to drive my SUV, I wont loose my job and life continues as is. Thank you Mr. Government.

But lets think about this for a second - where does this money come from. Either, the government lends it to these banks, with some hope of getting it back, but not much, or the FED basically prints off another $500 billion on clean new United State Dollar bills so to say. This obviously causes inflation. So either the Governemnet is lending (giving away) your tax money, or your money is gonna be worth 10% less in a year from now than it is today... Either way, the bottom line is that you are picking up the bill. Yes YOU!

So how did we get to this? Well I am sure you know atleast one or two bankers. The ones that drive the nice cars, go on nice holidays and when you enter their house you think "WOW, this guy works real hard cause this place is dope". This aquaintance of yours, got all this money paid through his bonuses and share plans, because he took risks beyond his measure. He sold something or brokered some sort of deal, which made him look great yesteday, but there was no way it was long sighted enough to be able to hold up in the future. He may or may not have known this, but the fact is, he did it and was rewarded with all these nice things. What followed is obvious to everyone...

So I leave you with this, when you see a banker the next time in his Porsche, Ferrari or Lambo, KNOW this. That car was bought on credit so to say - and now YOU are paying for that car, house or holiday through your "Come to the rescue" Governement in one way or another.

Not really fair is it?