Paulson himself is about to tell us.
He says, “The key to turning around the housing situation and avoiding foreclosures is going to be to keep lending going.”
Now why would that be, Mr. Paulson?
Do you mean to tell us that your brand of “lending” necessarily ever greater quantities of *our* promises to pay *each other* to us, is what’s going to save us?
Only if the people of the world will never wake, Paulson.
You just exposed the crux of the lie. Here, all these people of the world falling under you wee hammer, are expected *by you* to survive by assuming yet further debt; and you yourself point out that’s the only way you can conceive *the system* can be extended.
But your system is the very thing which has already multiplied the sum of debt beyond us; and so too, your system is the very thing which, just as you have said, can only multiply debt further.
[failure]
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