"No, no, no. There will be no Depression. You heard it here first. Because of globalization, economic depression is not an option. Reflation, which is the printing of money by borrowing on the credit of our sons and daughters, and their sons and daughters, is the only option."
Not an option? For whom? Literally, NO amount of "reflation" will keep the economy from collapsing. Your $55 trillion figure is what banks report, and WAY underestimates the CDS problem. The real problem is, how to keep $70 trillion in losses from being realized during the next 3 months. That's what they're trying to do, and it simply won't work.
But don't worry. The world can do without any income whatsoever for the next year and a half. Just tighten your belt.
As for Obama and his rat pack of pay to play shysters, what do you think is in that idiotic "stimulus" package of his? More bridges to nowhere, with kickbacks all along the way.
Same old same old mafia Democratic politics. It isn't even a drop in the bucket. And a year from now, Obama's ratings will be even lower than Bush's are now.
That is, if Fitzgerald--the dolt--doesn't indict him before then under 18 USC 1346 for his role in that criminal conspiracy known as the 2003 board legislation. See online for more on Barack's criminal activity in this regard.
Don't people realize that Obama is an empty suit, an organized crime front man and idiot? They will soon enough--as they stand in the bread line!! Ha ha!
Reflation Is the Only Option [View article]
Not an option? For whom? Literally, NO amount of "reflation" will keep the economy from collapsing. Your $55 trillion figure is what banks report, and WAY underestimates the CDS problem. The real problem is, how to keep $70 trillion in losses from being realized during the next 3 months. That's what they're trying to do, and it simply won't work.
But don't worry. The world can do without any income whatsoever for the next year and a half. Just tighten your belt.
As for Obama and his rat pack of pay to play shysters, what do you think is in that idiotic "stimulus" package of his? More bridges to nowhere, with kickbacks all along the way.
Same old same old mafia Democratic politics. It isn't even a drop in the bucket. And a year from now, Obama's ratings will be even lower than Bush's are now.
That is, if Fitzgerald--the dolt--doesn't indict him before then under 18 USC 1346 for his role in that criminal conspiracy known as the 2003 board legislation. See online for more on Barack's criminal activity in this regard.
Don't people realize that Obama is an empty suit, an organized crime front man and idiot? They will soon enough--as they stand in the bread line!! Ha ha!