Use access key #2 to skip to page content.

alstry (35.42)

Everything is INSOLVENT....not illiquid

Recs

14

September 26, 2008 – Comments (1)

We are bein told a lie.......

Right now, assets are worth less than liabilities.  We are leveraged to the gills and revenues are shrinking because few can borrow anymore.

Most call that a path to bankruptcy and it is the only way we can solve the problem without hyperinflating and destroying the economy for all.

At this point cities and states are bankrupt, so are hospital systems, as are businesses, real estate developments, and individuals.

For the first time in American history...as a system....the American Economic system is leveraged up so much that the entire system is insolvent.  The only way out is to restruture the system.

Giving banks $700 Billion of our money does NOTHING to solve the insolvency.  It just gives the banks more of your money and you have less.  Actually, it will speed up the contraction of the economy and make Americans poorer and bankers richer.

We will soon learn that America is insolvent....now the question is who will be saved????

 

 

 

1 Comments – Post Your Own

#1) On September 26, 2008 at 12:50 PM, jesusfreakinco (28.92) wrote:

Paulson called me this morning.  He said that Wall St and his cronnies deserve to be bailed out first.  He said that he promised when he left GS that he'd have their back.  More to come...

History of US bailouts...

http://www.propublica.org/special/government-bailouts

Report this comment

Featured Broker Partners


Advertisement