ashizashiz

Is the Panic Over?

You are wrong. Your "Intensive Care" analogy is fatally flawed. WE are NOT experiencing a credit "revulsion": revulsion implies irrational thinking, which in itself implies choice. This is not a crisis of confidence and it is not a crisis of choice...it is a crisis of DEBT.

For centuries, there has been no distinction between MONEY and DEBT. In fact, without debt, as we all know, there is no money, no financial system. The system that, like a parasite, has lived off of its host and made a few people stinking rich while using duplicity, violence and murder to have its way in the world CANNOT BE REFORMED. It cannot. It either has to be thrown away and we have to start from scratch, or it has to continue ad infinitum until we have Warren Buffet the Quadrillionaire, the DOW @ 100,000, and global debt of 14 Septillion dollars. (14 Septillion = 14,000,000,000,000,000... dollars, in round figures of course).

But to have this continued growth, there can be NO MARGIN CALLS, no withdrawals from banks, no fiat currency....simply debt...and of course this CANNOT work. I know, capital "A" Absurd for me to even play this little game. Debt is only "money" if people (a) believe that it is money and (b) if people can and DO service their debt. AND THAT IS WHY THIS CRISIS IS UNLIKE ANY WE HAVE SEEN BEFORE. This time, people are coming to the realization that debt actually ISN'T money. People are slowly beginning to realize that our global financial system is a usurious system in which bankers and other folks in the 'money' business are making trillions of dollars on the backs (that is, debt) of the common folk. You and me.