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The real question is "who pays the loss" ?
Feb 15 08:08 am
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All Comments by Libertad »Proposed Solution for Toxic Assets Plaguing Banks [View article]
A large segment of the indebtedness was created by the securitization
segment of the financial industry. Who in their right mind would believe a rating agency stamp of approval on a new "reformed" securitization segment ?
Therefore it is only "inflation" that can re-create valuations.
The point being is that there is no way that "those who do not owe" are not going to pay, whether it be through taxation or inflation.
At the moment, it is not politically possble to just tell the public that this is the inevitability.
Perhaps instead of being upfront, the "emotive public placebo" will be something along the lines of a new label for nationalism such as "The US Bank of The Future Program".