DebtsNMesses

Inflate, Deflate or Default

Um. Didn't Russia have a credible military force in the 90's?

Inflate, Deflate or Default

"...with the wildcard being the propensity of Uncle Sam to print his way out of this mess. Deflation, though it may be painful, is the far superior choice to the other two (inflation or deflation)."

Uncle Sam is doing a bailout by borrowing money, Paulson is increasing money supply through billions in short term loans, and Ben will lower the rates. The wild card is going to prove to be a wild ride!

I'm betting the "H" word.

Ready for U.S. Banks To Be Nationalized?

Interesting idea. Make the taxpayers pay for the banks foreseeable irresponsibility during the boom. Furthermore, make every man, woman, and child pay for generations to come. This will also wipe out any reason to declare bankruptcy. So all I have to do is "buy" the biggest McMansion I can find, and let the taxpayers pay for it! Woooo hoooo! Free house to all!

Best bailout I've heard yet! Honestly, we don't have to worry about these things. The economy is going to collapse so badly the people will remove these non-public servants (politicians) from office. We are arrogant in our beliefs and will revolt if we are forced to the streets through taxes and/or hyperinflation.