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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (48776)4/20/2009 9:44:36 AM
From: Rarebird6 Recommendations  Read Replies (2) of 217639
 
All of the schemes being implemented by the Fed and the Administration/Congress use injections of more debt to fix the problems which were caused by too much debt in the first place. This will fix the problem in exactly the same way the prior bubbles fixed the problem - delay the ultimate reckoning to a future date. Each time that old tire blows out, patch it with more glue and air it up again, then go cruising back on down the road again. At some point, the "end game to bubbles" is inevitably going to appear and the whole fabric of the financial system will come apart with an explosion that leaves the economy in tatters so small they can't be glued back together.

There is no will in Washington or New York or any world capital to actually fix the system. The mentality which got the system into the current mess is still in control. Each time there is a larger disaster, yet the same people go back to the same fixes that got the system into an even more dangerous situation than before. Perhaps one permanent fix will appear somewhere, someday, but it's hard to be optimistic without some kind of radical restructuring of governments.
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