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GreenScam: How Tax Favored Foundations Get Taxpayers to Bend Over
Papering over toxic debt assets in 2008 with more debt was an inflationary 1934 style cure that failed then and now, not a cure for the deflation.
Deflation is an inevitable antidote to inflation, and not vice versa.
This may not become totally apparent to all for some time, perhaps real lows in 2016 because of government interference delaying creative destruction, savings and reinvestment.
http://en.wikipedia.org/wiki/Creative_destruction
Hindsight can be 20:20.
The only real cure for real deflation brought about by too much government borrowing, spending, red tape and taxes, may not be more financial alchemy that failed, but reducing the cost of government and increasing the productivity of jobs and real savings.
As Walter Williams and Thomas Sowell noted, Government can protect property or be a form of theft.
http://www.wnd.com/index.php?pageId=41929
True economic and financial recovery may be so far away from current government policies, that we shudder to think of coming financial events.
Meanwhile, in the Fall of 2008, the Federal Reserve Bank, under what was described then to $1000 Annual Moneyback Guarantee Seasonal Outlook subscribers as Force Majeure Emergency Powers, set up Limited Liability Companies like Maiden Lanes I, II, III and the MMIFF Money Market Investor Funding Facility.
We make no mistake about the private Fed money monopoly franchise being in business for profit to literally make money with debt usury to pay their considerable corporate benefits and their private shareholder 6% dividends.
Maiden Lane LLC I on 26 June 2008 was the Bear Stearns bailout, Maiden Lane LLC II on 12 Dec 2008 was the AIG MBS: Mortgage Backed Securities bailout, Maiden Lane LLC III on 25 November 2008 was the AIG CDO: Collateralized Debt Obligations bailout, Maiden Lane LLC IV on 27 October 2008 was the 90 Day Commercial Paper bailout, and the MMIFF on 24 November 2008 was the Money Market Fund breaking a buck bailout.
May 26th, 2010 at 2:40 pm
A theory like this one seems impossible to fathom. Is the government doing whatever is necessary to maintain calm among the population after these speculations aboutthe end of the world? If this theory is accurate, we wonder who the people who are on the list will be.