Building Lifeboats
When you're listening to one of the tube talking heads please remember that they will say anything that could save their stock investments. Some know what is really happening to the fiat economy and are merely buying time to build themselves an economic lifeboat. Most of the tube idiots are clueless though like most Americans about the fundamentals of the money system we slave under. It seems like every day Bush is up bright and early before the market opens to announce some new gobbledygook economic voodoo to save the economy - until it become apparent that this latest maneuver will be worthless. The they go to the cauldron for the next plan. But I still have question:
1. Will Bush/Congress maneuvers stop the millions of Americans who are retiring now from cashing in their 401Ks?
2. Will Bush/Congress maneuvers prevent those near retirement from cashing in to save what is left of their retirement plans?
3. Will Bush/Congress maneuvers stop job losses?
4. Will Bush/Congress maneuvers for people like me who could borrow force me to do so if I don't want to?
5. Will Bush/Congress maneuvers force banks to lend to entities that would like to borrow but who are bad credit risks?
If these basic problems are not addressed then banks still will not be lending any money. If banks refuse to lend money then the money supply will continue to shrink. The little squirts of a few hundred billion here and a few hundred there will not pump up enough of the money supply to stop price deflation. However, this newly created fiat cash will stave off the day of reckoning for many of the Americans who use to be considered better off than most. Payroll will be made for a few most months. But the blue collar economic bleeding has not slowed and millions of good families are suffering greatly.
One wonders if these voters will be supporting the same politicos who caused this economic attack on our middle and lower economic rungs of America while people like Treasury Secretary Paulson the plunger raked in half a billion in profits?
1. Will Bush/Congress maneuvers stop the millions of Americans who are retiring now from cashing in their 401Ks?
2. Will Bush/Congress maneuvers prevent those near retirement from cashing in to save what is left of their retirement plans?
3. Will Bush/Congress maneuvers stop job losses?
4. Will Bush/Congress maneuvers for people like me who could borrow force me to do so if I don't want to?
5. Will Bush/Congress maneuvers force banks to lend to entities that would like to borrow but who are bad credit risks?
If these basic problems are not addressed then banks still will not be lending any money. If banks refuse to lend money then the money supply will continue to shrink. The little squirts of a few hundred billion here and a few hundred there will not pump up enough of the money supply to stop price deflation. However, this newly created fiat cash will stave off the day of reckoning for many of the Americans who use to be considered better off than most. Payroll will be made for a few most months. But the blue collar economic bleeding has not slowed and millions of good families are suffering greatly.
One wonders if these voters will be supporting the same politicos who caused this economic attack on our middle and lower economic rungs of America while people like Treasury Secretary Paulson the plunger raked in half a billion in profits?
posted by Tomás Estrada-Palma at
8:21 AM
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