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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (19163)	3/26/2009 7:42:42 PM
From: axial	Read Replies (4) \| Respond to of 71479

GST, you're right. Bankruptcy will work. But does it have the second part of the equation: popular support? Is the population prepared to accept the consequences? Is any leader going to commit political suicide by advocating it? I think you know the answer. My objection is this: to say "they're making it up as they go", presumes that someone would NOT be "making it up as they go." That is, some unknown person has The Answer to this crisis. Wrong. Nobody has a politically achievable answer that is guaranteed to work. Whether you're talking the US, China or Germany, the UK or Japan - they're all improvising. Bernanke's using textbook responses, and he wrote the book: but nobody is sure it will work. It might. We're in uncharted territory, and nobody is sure where to go. Even worse, a confused electorate is angry and mistrustful. After losing their houses, pensions and retirement income, are people ready to accept more bankruptcies? Even if it means things will get better, sooner? We could let the whole damned system crash - that'll clear up the mess in a hurry. Try to sell that to voters. Everyone understand the anger and frustration in this crisis - but proposing ideas that voters will bever accept is a waste of time. And stating that "they're making it up as they go" merely states the obvious. They're improvising, yes, because there is no alternative. Jim

To: GST who wrote (19163)	3/27/2009 1:34:40 AM
From: LTK007	Read Replies (2) \| Respond to of 71479

That would have been the solution over 2 trillion dollars ago, yes.But it is extremely iffy it would work given the disastrous course that the of power group controlling this , out of self-interest to save the cause of all this, themselves. Allen Meltzer(interview on Bloomburg) today said from the start they should have used bankruptcy, and still recomends it as a solution. i add to my statement that it is feel already too late, that the power dogs aren't going to go that route now anyway: they have the Gotterdammarungen Mindsets, that all or nothing egos fanatic, that out control mindset:The Gotterdammarungen Mindset, it is, to me.. In 1994, Leonard Cohen wrote a song, The Future(it is about 7 minutes long, with the simple refrain "I have seen the future brother, and and it is MURDER". He recently said, 'Well it seems to be coming true.' If he is right, and i am right, we are headed for a new dark age. Remember he wrote this in 1993/released in 1994. Other people recognize The Power of this song, as this has 568,000 thousands views with an overall rating of 5 stars(the highest rating that can be achieved) Leonard Cohen, at the age of 74, after 15 years of not touring is now on what is viewed his greatest tour ever. It seems he sings "The Future" at every performance. i feel the day is coming when it is realized that in 1993/94, Leonard didn't right a mere song. For those that might be interested in what 568,000 people have viewed and rated it 5 stars. youtube.com For those that don't know, Leonard Cohen is an ordained Buddhist Monk.Max