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The Marginal Futility of Debt

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At agonist.org

This is a virtual classic on the end of the road for the economy of greed. There are no more bubbles left after the Federal Reserve's infusion of money into the Wall Street Casino ends (aka the stock market). From Numerian who's been right on target from the start of the financial collapse and well worth reading: 'This is a recipe for yet another crash as we saw in 2008, only worse, because now the crash will be caused by a loss of confidence in the rescuer of last resort -- the Federal Reserve and the US government. Once that prop is removed from the market, there is no other hero around who is able to pull the market back from a slump.' Numerian

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At agonist.org


 

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money (aka computer pixels) is nothing more than a... by Daniel Geery on Saturday, Apr 6, 2013 at 12:57:44 PM