http://www.youtube.com/watch?v=h9-tBGxVU6o

it doesn’t matter if u prop up any business on wallstreet…if u can’t prop up the financial well being of the average american during an oncoming depression, don’t expect the economy to skyrocket. yes, it’s actually that simple.

the irony is that this bailout is directly counter-intuitive since it actually causes severe inflation, when coupled with a flailing economy, and widespread job loss, will bring about the annihilation of the middle class. Think about this: with the middle class on the downslope, do u think more or less ipods will fly off the shelves? it’s clear as day that for a free market to function, it needs to be FREE, and truly deregulated.

Oh, and to the olivers’ of the world: we didn’t get into this mess b/c of the “republicans and their deregulation.” we got into this mess because of shadow regulation, and secret government intervention where the fed approached these now defunct banks and pressured them into selling bad loans b/c is would be sweet for their pocketbooks (and it was…for a while).

controlling the free market is like controlling the weather. trying to stop a depression at this point is like trying to stop a tsunami. there’s really nothing we can do.

it’s natural. the free market as decided. let it happen. we should just tough it out for 1 year. save money. save hundreds of billions by calling in the tropps from iraq and overseas. end this absurd war. let home values drop naturally to what they should naturaly be. let corporations go under. abolish the fed for their absolute inefficiency. return to a stable, gold standard that has actual hard value. and let the market correct itself.

by doing that, we can actually increase the standard of living until we got out of the recession within 1 to 2 years tops from what i’ve read. the market would naturally balance itself as the average american balances himself.

so the key to saving wallstreet is not thorugh bailouts (which mean nothing of consumers take a hit). it’s increasing the standard of living for americans by true deregulation and cutting expenses.

pumping billions into the system will achieve exactly the opposite of what we want.

IMO this will happen - america will remain in denial thorugh most of the recession (which is a full fledged depression), and wallstreet will be propped up during the entire process. Some estimates quote up to 2 tillion being pumped into the financial sectors before this is done. Now that would be the deathblow to america, since it would absoluetly devalue the dollar to the point of not being “credible.” i use that word literally since credit that is not credible is useless. Once faith in the dollar ends, our econcomy ends.

That means a new currency would have to be developed. 2 paths to choose here, when creating this new currency, we can either go back to hard money (i.e. gold and the free market) which is guaranteed stable (but would mean the end of the fed), or we go become a new sort of soft socialism where the gov. pretty much owns you. that won’t stop americans from repeating the following mantra: “but we’re free! we’re still a republic! red white and blue bitches!”

so yeah, i’m with you, this bailout is a symbol - it’s a symbol of the death of democracy, and resurgence of a new type of soft socialism, or super corporatism. and americans will still be in denial.

it’s the monarchy system all over again, but instead of the kings court, we have CEO’s. (hell yes, score one for me).

USA, RIP.