Joe Napalm Financial Crisis Resolution

Posted Tuesday, October 07, 2008 11:59 AM by Joe Napalm

We don't bail out anyone and watch the world economies tank.

Sure, it'll be painful at first because foreclosures will grow, unemployment will get worse, inflation will go through the skylight and your retirement nest egg will be worthless ... but it'll just be a blip. When things get low and other nations' currencies are worthless, we'll use the $700 billion and simply buy the countries at the bottom. I mean, as a taxpayer I'd rather be part owner of foreign real estate than to own billions of dollars of bad debt in mortgage-backed securities.

So, on the one hand, we buy bad debt. But on the other hand, nations like Dominica, the Solomon Islands, Saint Kitts and Nevis, Seychelles and Belize will go for pennies on the dollar. Then, as part owner, buy a one-way airline ticket, load up the family and live in quiet solitude on the world's greatest beaches with the calm assurance that you are a US citizen living on US soil.

Isn't life at the top great?

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