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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Skeeter Bug who wrote (107395)2/19/2010 12:32:01 AM
From: GST  Read Replies (1) of 110194
 
I find your reasoning overly simple -- the 'banksters' are indeed deeply embedded in the political sphere and do have inordinate influence. This is hardly front page news. But to assume that those who are reaping the benefits from this penetration of political power circles means that they control all the levers, or that they are not to a large degree beholden to political realities strikes mean as seeing the world as if it was a cartoon. Political and economic elites always seek to co-opt one another, and more often than not have interdependent interests.

Even in China, where there is a one party communist government, the government includes a significant allocation of formal political representation for 'entrepreneurs', now recognized as a political class at least equal to if not more powerful than any other sector of Chinese politics. But that in no way means that policies are going to be pursued that would lead to social upheaval. The same is true in the US, where political upheaval would not serve Goldman Sachs or the major political parties.

The decision to inflate the dollar into extinction will be essentially political -- indeed, there is not much room left for making any other decision. The die is already cast.
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