On Mar 11, 1:57=A0pm, phil scott <p...@[EMAIL PROTECTED]
> wrote:
> On Mar 11, 7:47=A0am, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
> >http://biz.yahoo.com/ap/080311/fed_credit_crisis.html
>
> > In his infinite wisdom, and in an effort to tem****arily prop up the
> > collapsing Stock Market, that "Moron at the Fed", Ben Bernanke, has
> > decided to print money like it's going out of style, and hand over 200
> > billion dollars to the Banks based on nothing whatsoever in the real
> > world, as we know it. =A0 While this is tem****arily -- very
tem****arily
> > -- pleasing investors, its effects will obviously be disasterous for
> > the economy as a whole. =A0While it will tem****arily -- very
tem****arily=
> > -- hold off the final and total collapse of the U.S. banking system,
> > it will, as a direct result, cause the final and total collapse of the
> > U.S. currency, as well. =A0Ah, well, there's no pleasing the right
wing
> > until everything is TOTALLY DESTROYED!!!!
>
> unfortunately there are few if any exceptions to that pattern in world
> history, all on the same trend lines, with the same markers and mile
> stones, govt and private population demographics....govt bloat/
> starving people...wars to fund govt and its insiders, then counter
> attack on a 360 degree front... =A0the empire collapses to be left in
> ruins or crawling off to reboot at a much lower level.
>
> Phil Scott
Well, I don't like to be quite that pessimistic. I think what may
happen, as the powers that be are simply hurting themselves now, is
that some sanity may actually prevail. As this current charade of
printing money transforms itself into runaway inflation, and the stock
market collapses further, we may see some fundamental restructuring,
if only from a survival point of view, on the part of the plutocrats
who run things for their own benefit.
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