mark
"it appears congress wants to wait until it's too late to do anything about it'

u can hardlt blame these creatures of the donation box

their sponsors
the elders of private profit
almost by over soul telepathy
sense shared Rx
a dose of harsh paralytic credit poison
ejected from the hi fi body
into the tangible out put system
that's what best suits us all

despite
the condition
we find
the earth's
present production system in
effective demand management
must become ineffective demand managment

btw

the paulson inc notion is pure golden parachute here
not for the guys but for their
" hallowed private enterprise institutions"

don't mistake this for save us so we an save u

we weebles are in for a deep dutch rub here

as bw suggests

the elders want us job smerfs in the north hemi
to belt tighten
for a half decade or so

don

nice tour of the horizon
agree on all point...err i think
till that last bit "... leading to a dangerous level of U.S. debt outstanding"

i hope you realize uncle with his debt only n imperial dollars
as owner of the free cost dollar mint
he can not be accused of original sin

if he haults his present rate
of credit flow
as the hi fi globe's
unmoved mover
it must be
by ....un forced choice

thi needs constant re statement

or else we'll fall for such falsely
premised questions
as the one that stumped obama
" given the 700 billion dollar bail
how can you plan such spending "
"But at some point before it does though, the $64 trillion CDS nuke will detonate. When that sucker goes off the whole system will be vaporized"

pat...please
that's irwn allen economics
"Fractional reserve banking ... it only works when the majority of people do not understand it"

fractional reserve banking
is like water flowing up a hill
it's not amazing if you understand siphons

Posted by: paine | Link to comment | October 01, 2008 at 01:17 PM

paine says...
pat
u make excellent sense...if you want to preserve wallstreet

i suggest we let it slide into the
polluted waters that surround it
maybe rebuild it
with high paid union labor
as a harmless 1/8 scale theme exhibit
at disney worlds eppcot center

Posted by: paine | Link to comment | October 01, 2008 at 01:22 PM

paine says...
to me the ultimo mis conception
is the irreversability of allthis pending real sector calamity

the real effects only linger because correct macro action isn't taken

the new deal went on trying to find
the complete formula
for nearly 8 years

if we let wall street tumble over
and send the real production system into temporary parlysis
uncle now knows what to do

as the brilliant moderate voice
of bruce wildflower points out around here somewhere

Posted by: paine | Link to comment | October 01, 2008 at 01:26 PM

paine says...
nationalize and re-capitalize
nyet compadre

de capitalize and socialize