Only a week or so ago, the USA was seeking to stop the foreclosures of banks and huge amounts of monies were stated to 'fix' it all.
It didn't.
What occurred was the same 'phenomena' that has been recurring over and over and over, no different than the recent attempts by Europe to stabilize their markets.
It won't work.
Why?
Because the monies that are being 'created' to satisfy a public outcry to 'do something' are backed by empty worth. How can a country, which relies on banks and even other nations for loans into their debt load, turn around, print more money and expect that such nonsense would actually work to convert a slippery slope into a stable market.
The 'bailouts' only create more and more of a slippery slope because there is no clear path to this mess. The ONLY clear path is to let the lousy debt ridden market tank. Wall Street did this to themselves.
I stated clearly, "What difference does it make if the collapse happens today or a month from now?" I stated clearly that allies needed to stop assisting these markets. As a result of interventionists attempting to 'play god,' are compromising any resolve.
