My rendition of madness.
Ok so for the first time in a while – I have something interesting to share. Ooooh!
The excitement is killing me [sic]!
Good things are happening all around me – with a twist of lime. The madness with a twist of lime, really now, indeed, the aftertaste is fresh. I think we all know I have a very twisted way of sharing my thoughts, why sometimes I myself do not know why I write what I write. Thank god I call it insanity, anything else and it would be a lie.
Moving on, what in the world is the world thinking? Honestly now, what are they thinking? Bailout???? Come on! Let me reiterate that I am a huge believer in capitalism and that it is every human’s moral duty to be successful. (Of course the word “successful” can be used to mean different things or as I would like to put it – the word “successful” can be twisted to mean other things than making money.) I digress. But bailout means nothing more than a dolled up face for government control. “1984″ is back and this time it’s going to stay. We might as well wait for the day when the government controls everything and has us wearing blue on mondays and grey on fridays (or something like that) – oh and with name tags – Joe the plumber style!
I am surprised that no one sees this – or if they do they turn away and are letting it happen. Printing greenbacks is not the solution – it never was. There will be no cleansing with printing more money. Adam Smith – our father who art in heaven – would have killed himself and burnt all his books if he were alive today.
With the economy the way it is now – bailing out is not the last option. It actually is NOT an option. The bailout will only lengthen the pain – elongate the obviousness of a crashing economy – sustain the complexity of allocating monies to companies in the face of a more simplistic solution to let the market cleanse itself. Yes, I am all for ‘free-trade’ and bailout does nothing but allow the government to print money and send it out to companies they believe need it and in the process own it. Nationalization’s ugly head emerges!
So what is the good thing? Well people are more aware. 2 years ago an average joe didn’t know and care too much about the financial markets – now they are going to be owned by the government! So hell, he has to know in order to vote effectively and let the government decide whether he gets to wear blue or grey on mondays!
Technically, a bailout will only lengthen the painful process of rebuilding and regaining the trust that was lost. Technically, a ‘bad bank’ solution (as suggested by George Soros) is more secure than a straight-up bailout/nationalization.
I know there is more I could write and more filth I could spew at the ugly bailout plan, but I will go trade some usd/euro now. 5 years from now there might not be any more euros
Gnight neverland!