Gad! imagine
(1) the FED print up some IOUs, to sell to the crowds with guarantee from the FED,
(2) then loan the proceeds to the IMF, and get the IMF to make loan to the US and dictate the terms of recovery and reform to the White House per Thailand 1998 script,
(3) requiring, of course, that Greenspan be given yet another term at the helm, taxes be raised, interest rate be raised, and exchange rate be defended at all cost,
(4) financial reform be instituted to ban bad practices, and
(5) government interference in private market be drastically cut (anti-trust, power, etc etc).
Greenspan will then have done something good.
I should be on medication for my imagination ;0)
Chugs, Jay |
