Let’s Hope Capitalism Doesn’t Die

One Response to “Let’s Hope Capitalism Doesn’t Die”

1. George on September 24th, 2008 3:35 pm

   he Trillion Bucks we’re literally flushing down those tubez is supposed to clear out the derivative default credit swaps (crack) that the Wall Street financiers have been smoking through those pipes for the last decade. No one has mentioned it, but if China (and/or Japan, but their credit situation shouldn’t be as vulnerable) can’t work in the normal world of free-flowing credit, they will have no choice but to start cashing in all those T-Bills. That alone would be serious enough, but it would undoubtedly cause a run on the Treasury as the world divests itself of dollars, crashing our currency to the point that a loaf of bread might cost you a hundred bucks, or more, within a month.

   That pretty much the end of the world as we know it. That’s why you’re seeing such dramatic moves, serious tones and ghostly white complexions on the faces of the folks who know what’s really happening and know they must do something extraordinary soon. (Also keep in mind that massive global unrest caused by unemployment and hyperinflation was a prerequisite for WWII.)

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