The huge-display screen story of the $17 million North Carolina Loomis-Fargo vault theft that made headlines in 1997 has sat on the shelf for more than a year, a casualty of the monetary troubles of its distributor, Relativity Media. Now that Masterminds has lastly seen the light of day, it’s clear we might have been completely fine if the film sat on the shelf for a couple of extra years, if not permanently.
There is that this saying – for those who put a frog in sizzling water, it is going to bounce out – however put it in cool water and hold adding scorching water it can stay in and be burned to death’ – nicely we’re the frogs right here. As lengthy as it is gradual and constant we are going to do nothing. I suppose it is the latter, but both manner, I will give it just a little more effort before I declare the mountain higher than I want to climb. But, I actually do enjoy conversations reminiscent of this, and possibly I do want to understand more to be secure in my view.
The government as a way to help Chrysler ( Congress voted ) survive and not close, granted Chrysler ( no taxpayer upfront cash )mortgage ensures to obtain the necessary funding from the banks ( non-public sector banks ). Lee Iocola negotiated with the unions, traders and suppliers without a government intrusion in the corporations management.
In reality, VEBA did not price GM something and didn’t cost the taxpayers something. The Union wager the VEBA on GM’s IPO and future inventory. Time will tell if that was a sensible transfer or not. Egomaniacs communicate their mind with no fear of repercussions from anybody, while bold persons are restricted by company and organisational policies.
I don’t think I could have a problem with a changed understanding that technically, (barring the extremes), we won’t, or can’t, go bankrupt as an nation with a fiat currency. And that technically our debt, (I know MMT says it isn’t a debt), isn’t something our grandchildren will have to pay. I assume the fraction of the $900 billion spent would be very giant. Probably extra acceptable to have a look at it as the fraction that will not be spent.