The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (20748)	6/10/2009 12:00:15 AM
From: axial	1 Recommendation Read Replies (1) of 71475

"And system impairment will not have run its course until some semblance of a market-based cost of finance emerges to more effectively allocate financial and real resources throughout the economy. The wholesale socialization of risk may be “counter cyclical” but it is also terribly counterproductive." True, but that's the politics of interventionist economics, isn't it? Status quo forces keep patching it together, trying to keep it going, until it just won't go anymore. They'll do anything to postpone the day of reckoning. If there's going to be change, it will only come from absolute ruin. Not one moment sooner. That's the lesson of history. Jim

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