The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Skeeter Bug who wrote (24427)	11/19/2009 2:05:22 PM
From: GST	6 Recommendations Read Replies (2) of 71447

The Japanese always had 3 clear choices available to them: 1) Quietly bail out the banks by holding interest rates at zero and allowing the banks to borrow for nothing and invest in US treasuries -- in time they would be recapitalized this way, or; 2) Force the banks to mark their assets to market and call in the bad loans, or 3) Bail out the banks in the full light of day, knowing that they were bailing out a class of people that were either crooks or close to it. They chose #1 for political reasons. The Japanese did not trust their government and would not approve bailing out the banks. For their part, the politicians could not abide #2 as they were deeply fearful of losing their bankrupt big corporate sugar daddies as well as facing the Japanese mafia who had become heavily invested in real estate. It was a political coup in the US to get Congress to write a blank check for our banks -- and the way to get that done was to convince people that we were all about to die if there was no blank check written within 24 hours -- no need to think about it, just do it. The American financial elite learned this from Japan, where no bailout was ever possible because the Japanese public knew full-well how corrupt their system had become and they would not stand for a bailout. We not only bailed them out, but we watched them in the full light of day as they took wads of money and passed it around amongst themselves as their 'reward' for being not only too big to fail, but too powerful to even discipline or seriously challenge. We were raped and then sent the cleaning bill. And the reason why we should be thankful? We are told we should have been thankful because at least we were not killed while being raped. Naked greed. Naked power. Naked lies. But don't forget to thank them -- it could have been worse.

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