Something to think about ... what if the world economy is so far gone that this bailout wouldn't have worked to begin with? When ponzi schemes unravel a little cash infusion may slow down the scams collapse long enough for a few important people to get their money out, but it won't change the death spiral of the unravelling process.
When Bernanke rushed to pump hundreds of billions of dollars into global liquidity this morning before the vote even occurred it pulls back the veil on the nature of the credit collapse ... it is in a state of perpetual motion downwards. This bailout bill may have stalled the inevitable until after the election, but the outcome for the ponzi world economy can be summed up thus ...
Humpty Dumpty sat on a Wall
Humpty Dumpty had a Great Fall
All the King's Horses and All the King's Men
Couldn't put Humpty together again.
The Congress should sit on its hands and wait for when Obama is President and they have the chance to vote for FDR's New Deal 2.0
Monday, September 29, 2008
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