Wednesday, December 10, 2008

3 HEADS ARE NOT BETTER THAN ONE

http://www.safehaven.com/article-12039.htm WHY FED should NOT LOWER INTEREST RATES from 1%.

http://news.goldseek.com/LewRockwell/1228742520.php "The FED'S EXPLODING BALANCE SHEET"

In a world where we hear time and time again, "we need a free market system" the FREE MARKET is not being allowed to correct the historic abuses which came before this heroic effort to BACK STOP ther world's economies and banking sstem.

We are to believe by printing and guaranteeing $trillions of newly created FIAT, and basically saying LEND and ADD MORE DEBT to a system already burdoned by too much debt, with loads of it going bad.....is like going to a dentist for a heart attack and expecting good care.

Bailout after bailout. new lending program after lending program.......does little to bring us back to balance......rid us of the abuses, and lay the groundwork for recovery.

http://investmenttools.com/futures/bdi_baltic_dry_index.htm The BALTIC DRY INDEX has yet to stabilize, mining companies are laying off, companies are downsizing and cutting capital spending, banks aren't lending, homes continue to lose value and not sell to deplete inventories, newly renegotiated LOWER mortgages are defaulting at an alarming 50% rate.....CC SABATHIA signs with Yankees for $23 M a year!....the NFL lays off 10% of workforce to save less than 1% of salaries paid to players.

WHO'S TAKING it on the chin here? WHERE IS the PRIVATE SECTOR DEBT BEING MOVED TO?

WHat we got? I COIN " THE BENDOVER ECONOMY"

Duratek

2 comments:

Anonymous said...

YOU GOT IT. GOOD POINTS. SSK

Anonymous said...

Can't see the trees for the forest of gov bailouts.....