Smarty_Pants

For the Global Credit Boom, the End Is Near

The bailout is a nearly-last-gasp effort of the bankers to avoid the inevitable. It will only serve to make things worse by delaying the final collapse.

To 'fix' things we will need to return to a gold standard, abolish the FED or other central bank/fiat currency issuer and let the chips fall where they may.

We have been mis-allocating resources for 95 years. It will take some time to liquidate the errors and re-allocate toward better uses. That will be a painful process and one that cannot be avoided. Many will lose money, some will gain, in the short term. Everyone gains in the long run.

However, as the old saying goes; "There's no time like the present." to get started on the correct path. The sooner we begin, the sooner things return to a sustained 'normal' state.