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I completely agree. You don't fix a problem of massive bad debt by borrowing an whopping massive
extra amount of debt. And the market will have to correct itself... Eventually. At most the
bailout will spread that correction over a longer period. But is that really good? |
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It is my calculated-best opinion, based solely upon hard-evidence and the facts about the entire
house of cards regarding Wall Street and the Economy, and the present War in Iraq which us taxpayers
are footing the bill for and the lives of our sons overseas is far more priceless loss: The
Housing-Market Bubble collapse, the Credit Crunch, Inflation, and the political-unrest amongst the
American people regarding their Government as it is today, that yes, in the final analysis, Wall
Street will surely crash from this bailout. The Domino-Effect.
And I said this before, and reiterate upon it once again for good measure: Ben Bernake still needs a
pitch-fork in the @$$ for printing billions of worthless paper "money" daily: The Fiat Money System
is the financial equivalent to the children's fable which is most applicable to The Federal Reserve
Monetary System as you can get - the fable of "The Emperor's New Clothes".
Read this fable again and see the direct correlations.
For you surely will see it clearly then. |
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You forgot about the $10 trillion dollar one. |
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Just one question...
What are you talking about?... |
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02 Oct 2008 17:04
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