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Death for Profit - From the same geniuses who brought you the the mortgage clusterfuck
#3
They are running out of options.

It's probably impossible for a major economy to print and hyper-inflate their debt away (whilst destroying the life savings of their population) because global currency markets and vulture speculators will swoop immediately on any such attempts.

The global option of abandoning dollars and Euros and creating a new reserve currency such as IMF SDRs may be tried. I suspect it would end in anarchy and massive social dislocation.

So, They can do what They have continuously done for the past few decades, and attempt to create an asset bubble - as with the entirely fraudulent and phoney valuations of the dotcoms and houses.

So, what asset classes are there left?

Such an asset ideally would have global and universal reach. And be of concern to the vast majority of ordinary folk.

Um.. Mmmm...

Uh....

Oh yeah, baby!

It's a Eureka moment!

Howzabout securitizing....

DEATH!!!!!
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."

Gravity's Rainbow, Thomas Pynchon

"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
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Death for Profit - From the same geniuses who brought you the the mortgage clusterfuck - by Jan Klimkowski - 11-09-2009, 06:31 PM

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