Another attempt to prolong a debt-fueled ponzi scheme.

Oct.13, 2008 in Market Outlook

The banks get their bailout as the message that they can’t fail at all costs permeates the worldwide economic landscape. This message resonates well with investors and in particular those bankers whose actions practically tumbled the world banking as we know it. Not only did they get off Scott Free, they were rewarded with Trillions of Global dollars (or equivalent) in capital injected into the very banks themselves that were once dead. Where did all the protectors of labor go when the those who sit in their lofty estates and high mountains fled the scene and beg for mercy. And what is to become of this global experiment of ‘the multiplicative effect of banking’, ‘leverage begotten leverage’, and mercy from the world for a price they could never pay.

These men will learn that they can not fail and will not fail – at all costs. They will go back to their plans and models and try to understand just how they failed. They will build the same models, but this time in a Titanic way – never to sink. They will impose stricter rules on those to whom they lend. They will find ways to early point the finger at labor in the event of the slightest disruption in the leveraged flow. They will become yet even more cruel taskmasters. For they can not and will not fail – at all costs.

Banks aren’t lending? No problem - give them taxpayer money to lend, and guarantee any losses at taxpayer expense. The banks can then lend the taxpayers back their own money, at interest.

All in a desperate attempt to continue the cycle of debt and consumer spending for a little longer. Wonder how the interest on the national debt is gonna look for our kids and grandkids? It’s shameful.

Where is the cry for labor of the undue burden put upon them by easy credit with which the bank produces money ‘out of thin air’ and for this privilege receive interest income for ten time that which they hold in reserves. They have learned that they are the controllers of the economy and our rulers haven’t got the vision or purpose to put them aside.

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