THEY cannot save the GS and JPM and etc without trying to help the hedge funds, imo;
They are one and the same, together with SLESUSAPFI (Super Leveraged Enhance Structured USA Prime Fund I), otherwise known as USA.
The hedge funds, critical to a financial economy that values consumption over savings, speculation over investment, war over peace, debt over equity, have replaced GM, F, GE, etc that were critical to an operating economy that now only operates to build houses and heat pools.
The hedge funds are, in the aggregate and collectively, a single previlaged and elite community sharing common interest and share the same mission - and an ugly mission it is.
The financial economy is not Enron, and so Enron bail out was never tried, thankfully. Further, Enron was not bailed out because it was just an over valued fraud hidden in an otherwise empty shell that had cracked open. There will be casualties this round, Enrons 1, 2, 3, 4, 5, etc.
As Enron cannot be bailed out, ultimately the financial economy also cannot be bailed out, together with its 11,000 hedge fund citizens; but not for lack of trying.
The simple truth remains:
(i) USA central banker definitely believes helicopters loaded with printed paper can stop the cold mathematical logic of debt-ly imploding speculation
(ii) USA administration solidly believes deficits do not matter
(iii) USA representatives of the people (Congress) does not even know what a deficit is
(iv) USA prime time financial TV entertainment show passionately pleaded for bail out of "my people" who drive BMWs and eat 10,000 dollars pizzas must be bailed out
(v) USA el supremo debt fund manager just asked all spendthrifts whose homes are not worth the income they paid for to be bailed out
But, other than all of the above, everything is OK.
I expect history to repeat exactly, for all practical purposes, like financial survival;
The schedule truly does not matter, because we must still do what we ought to do, and we just get more time or less time to do it, on the one hand, and on the other, because longer delayed, longer the dark interregnum, and worse the splash, and more worthwhile the self-protection measures we take, as long as they are the right measures.
... any ideas?
Try gold, for 10%.
And if enough folks believe that, and enough will, the prophesy becomes a self-fulfilling one, right reason or wrong logic, hardly matters.
Chugs, TJ |
