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Is this insane, or just so smart you blink?

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I know things are beginning to get to me when I read Noam Chomsky's (the anti-American bastid) Hegemony or Survival and it's beginning to make sense! :unsure:
 
I can't believe that I actually read the whole thing.
 
Regarding Chomsky - I WAS THINKING THE SAME THING!!

How crazy is that!?!

Dave...
 
Adept Appraisal said:
#1 Is this not the sanest idea presented to solve this mess, or
#2 is it just so bad, (and me so desperate), that I can't see the forest for the trees...?




Dave...
Click to expand...


#2

I'm sure Marx and Lenin would love this idea. Of course, so would Obama, Kennedy, Pelosi, and a few others in our congress.

Bailing out the banks is not a good idea but it is light years ahead of this nonsense.
 
Marx & Lenin would already have OWNED these banks.

Dave...
 
Ah yes. "Let the market take care of it". It sounds so simple, really. Let the banking industry fail, dump all the inventory and move on with our lives. Metamorphic would find that article compelling. It's a really good idea until you factor in what this could do to the banking industry. The liquidity of money in our economy is paramount. Without liquidity interest rates soar. Borrowing money becomes very expensive. With banking institutions under bankruptcy rules and the effects that will have on their institutions the ones don't go under outright will go under through the ever increasing costs to borrow money to lend money. The net effect would be disastrous on the economy as a whole. I have no doubt that such actions would plummet this economy into a depression. What little economic gains the average person is making would turn into pure losses as one sector after another is faced with lay offs from the effects of a shrinking economy. Yes, let the market take care of it and all will be well, after the carnage.
 
We've already done the bank failure thing, run on the bank panics from 1819 to 1934.
Since there is FDIC insurance, all that would be accomplished is another debt for
the US Treasury, except you'd have no confidence in bonds, banks, or mortgages,
let alone confidence in stocks. The value and influence of the dollar would be gone
for decades. Ask any struggling small country how easy it is to lift yourself
up by your boot straps with no capital assets. We'd soon be totally owned by
Japan, Europe, China, Kuwait, Saudi Arabia, and Dubai, so we all better start
learning a second language.

Yeah, real smart idea.
 
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