Quote:
Originally Posted by tabs
I have made a terrible mistake I gave them credit for being smarter than they are..But then like an actor on the stage and my fellow Pelican being the other actors, I am speaking to the larger audience that is out there in the dark lurking. So I am not really talking to them exclusively. It has been that way for a long while.
They are calling the FED's back stopping the Money Market Buck standard.. A BACK DOOR BAILOUT of the banks...break that buck standard and the global financial system evaporates faster than I can type these fking words... So that means that the Defaults on Car loans and Credit Cards have started to hit the sytem, and now the banks have to pour money into those funds which effects their liquidity now that they are not getting those payments....WHOA...the fking shyte has already hit the fking fan...this rickety house of cards called the Global economy is being blown away like the little Pigs straw house...
Why do ya think that the govt is gona be sending you those checks in the mail...
Ice you are one of the few that I do not need to explain things to on this Board...the rest to varying degrees are out to fkin lunch..."restart the economy" It has to survive first. I won't say it wont but...holy shyte...
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Random thought....if they are issuing at 0% rate, that implies that they see deflation in their future which ties to the idea of a shrunken economy or at least shrinking economic demand that they are trying to stabilize away from free fall.
I am busy doing this work thing....need to think some more.....
Dennis
PS - I am beginning to move towards your cataclysmic outcome premise, clearly the catalyst is this never-before-seen crisis event that unfreezes most embedded positions.