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now convince me that throwing money at the problem will fix anything. The length and breadth of the problem is governed by the amount of debt involved. Our national economy is based on debt. Some of that debt is bad. The amount is in the trillions. That rot has caused a lack of confidence among large and notional banks and dried up credit. Now we are borrowing and printing money at an alarming rate in a show of doing something about the sick economy.
Very little effort has been made to clear out the rot and let the insolvent corporations fall by the wayside. In fact, large amounts of money have been given to corporations and banks to prop them up and these are led by the very managers and officers who bought into the bad debt or made the bad decisions. People are losing their jobs. Not at the top of the corporations, at the other end.
I see the bailouts as a political circus being primarily used to placate the voters. I see it being used to enrich those who are at the top end of the food chain. Watch, the common man will be left to fend for himself. His children, children's children, etc., etc. will be given the job of paying the bill.
STOP ALL BAILOUTS! Let the chips fall where they may. Rebuild this economy on species based money, not fiat money. Build it on savings and only buying what you can afford. Require that governments at all levels run balanced budgets. Otherwise, the politicians will continue to sell the voters a bill of goods. Block all lobbyists. Otherwise, Corporations run the politicians not the voters.
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