Friday, October 17, 2008

Does The Bailout Pass The Smell Test?

http://www.rense.com/general83/snlkl.htm

It has been my opinion that this 'bailout' does not pass the 'smell
test' as well. One of the major problems has been the hyperinflation of
the US Dollar. It is creating price inflation simultaneously with wage
deflation, which is a double-whammy for most average working people. It
will only continue to get worse because the financial system will
require a lot more 'bailouts' if it is to survive. What the PTB are
doing (i.e., the 'bailouts') will only make the final denouement that
much worse than if they would have just left it alone. But these people
are going for the maximum profits and are hell-bent on inflicting the
absolute maximum amount of financial pain and destruction that they can
muster upon the heads (and pocketbooks) of the normal people of the US,
and of the world. This event is going to have consequences on most of
the economies of the world.

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