Comments on: $700,000,000,000

By: Preet

Preet — Fri, 03 Oct 2008 13:09:00 +0000

@Deb – ask and ye shall receive. I hope to pen something for next week on those topics – thanks for the idea!

By: Preet

Preet — Fri, 03 Oct 2008 13:08:04 +0000

@Moneygardener – I doubt it. Reverting from the marked-to-market accounting, higher regulation of the mortgage industry and recovery of real estate values will lead to the natural end of the credit crisis I would think – more so than the $700 billion bandaid. They could mandate that all banks operate as deposit takers as well, and hold them to the same regulations as up here – seems to have served us well.

By: Canadian Personal Finance Blog » Blog Archive » Random Thoughts: Is this the End?

Fri, 03 Oct 2008 10:22:15 +0000

[...] at Where Does All My Money Go points out The Many Uses of $7 Billion, what kind of compact car would I [...]

By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com

A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com — Fri, 03 Oct 2008 04:16:50 +0000

[...] I would like to remind you that $700 Billion could buy every Canadian a brand new compact car. [...]

By: Deb

Deb — Thu, 02 Oct 2008 22:11:07 +0000

Whoops…forgot to add hyper-inflation!

By: Deb

Deb — Thu, 02 Oct 2008 22:08:13 +0000

Hi Preet, here’s a suggestion for a future article… I’m hearing lots of talk about inflation, deflation, stagflation. How about an article explaining these and also, how it is possible to have a recession and inflation at the same time. Thanks, Deb

By: moneygardener

moneygardener — Thu, 02 Oct 2008 15:48:03 +0000

Yes, but will it fix the credit crisis?

By: Xenko

Xenko — Thu, 02 Oct 2008 15:13:43 +0000

I’ve always wondered what would happen if Canada ever managed to wipe out the national debt in one big swoop. How much money would it free up? What impacts would it have on our economy or government operations?