That has been postponed, hopefully indefinitely. The dollar
is dropping, though, and will make a new low. Maybe that low
will be zero, at least that's what I tend to believe.
Every bear has their faith and God. Satisfied?
Derivatives make old school stuff inapplicable. Eventually
it is, but it turns into a Black Swan in the process.
Right now we have the printing press injecting enormous
amounts to support our and global Ponzi derivative finance
economy, a global derivative Ponzi scheme that has cracked
already, taking several derivative corpses, including
Bear, Lehman, Fannie, Aig, and many others who are now
walking dead.
It is necessary to prevent a total collapse, house of cards
fashion, prevent or postpone. I personally doubt they will
succeed postponing the inevitable like they did in 2003.
30 Trillion is too large a real amount, but if it's printed
to do so, we'll have hyperinflation.
The whole situation is only similar to John Law stuff, with
a whole lot more new complex financial gambling instruments. -g- |
