Rakesh Saxena

The Fed's Last Stand: Lower Spreads vs. Default Risk

Dear Slick Rick: You are right about solutions---as you will see in my earlier articles, the solution in my view is a structured, planned and deliberate de-leveraging through those sections of the economy which need to be adjusted (size-wise) in line with the new reality. Anything else opens the window to chaos which, of course, works both ways. Many thanks - Rakesh


On Jan 10 06:14 AM Slick Rick wrote:

> Why is everybody looking for this great depression? Is there an American
> fascination to watching people suffer? The fact is simple. If our
> government and the FED were not bigoted and self-conscious about
> actually appearing to help the middle class, then a financial tragedy
> could be avoided. Instead what I hear is a complete manufactured
> overwhelmngly amount of propoganda that is obssesed with their own
> talking points about how bad things are going to get. I'm starting
> to think there is a contest for the journalists who can continue
> to paint the bleakest most dire images of the future. What I don't
> hear are solutions. What I don't hear is a process of who is accountable.
> What I don't hear is angry media criticism of President Bush. What
> I don't hear is about how people who never loaned a dime will make
> money off of CDS through the settlement rate. To those readers, just
> let me tell you that there are many beneficiaries to these so called
> bankruptcies which is why our media is so complacent about this issue
> and fall of Wall Street.
> In addition there are some other ideas and lies that will be promoted
> by the main stream media around the whole process of foreclosure,
> zoning, and gentrification that one would think we were a third world
> country. Frankly I'm selling eurodollars (libor) as far as the eye
> can see to get ready for another lie about rising inflation.
>
> recommendation: Documentary called MONEY MASTERS on google video.
> A Must See!