Display:
So if another big bad shock hits the U.S. economy, what could the Obama administration possibly do?

LET IT ALL IMPLODE.  At least then, eventually, we could start rebuilding. All current policies are doing is staving off failure by throwing more and more of the future into the black hole of ponzi finance that is what Wall Street has become, attempting to save the banksters from the consequences of their own actions. The problem is that no one will recognize and write down bad debt, (The Masters of the Universe will not willingly take a loss), and the steps the Fed and Treasury have taken to prevent failures are paralyzing the economy for all other purposes.  The Vampire Squids are out of food and must be allowed to die.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Nov 18th, 2009 at 05:56:05 PM EST
[ Parent ]
if the economy goes south in a big way, of course they will try and prop up the villains further, they got away with it once, didn't they? they built no reverse gear function into their machine.

the perfect crime, the sequel is inevitable, the future's treasury is theirs for the taking, until the regular joes and janes have had enough of the 'treatment'.

the dollar will be worth 30 eurocents and pols swinging from the lamp-posts within 2-3 years unless reason returns to finance and they come off this drug of illusionary power peoples' sustained support and most importantly trust has given them these last decades.

meanwhile the machine just grinds on... while we we mentalise about how to try to put in a new tranny. hard to see how to do this till it comes to a shuffling or shuddering halt?

how much of the castle foundation of the world economy is built on bedrock, how much on sand?

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Wed Nov 18th, 2009 at 10:40:00 PM EST
[ Parent ]
is that as the system is set up right now they will only die after having killed us all.

Governments could decapitate them by just cancelling their operating licences, but the chances of that happening are rather slim...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Nov 19th, 2009 at 04:35:48 AM EST
[ Parent ]
... the system is set up right now they will only die after having killed us all.

Somebody has it RIGHT !!!

Enough of this "the system will change ... the bad guys will die" senseless optimism.  How many times do I have to say this ... now pay attention ...

You are nothing but CATTLE to them !!

Dangerous cattle if you ever got organized but still cattle.

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Thu Nov 19th, 2009 at 12:26:42 PM EST
[ Parent ]
THE Twank:
You are nothing but CATTLE to them !!
Sounds like a primer on playing Travian.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 19th, 2009 at 12:29:49 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series