So much bother and bluster about bonuses to scoundrels, it's enough to be distracted from other more important aspects to our continuing economic debacle. Like the Fed (architects of the AIG bonus fiasco) announcing it will print up 1.2 trillion bucks so it can "purchase" more Treasury and mortgage bonds. What will happen when this action works its way through the economic system? Dollar death? Weimar-style inflation? Ugh.
At this point, I believe that the Fed is simply throwing stuff up onto the wall to see what sticks. It reminds me of when Mikhail Gorbachev was issuing rapid, wide-ranging, and system-changing policies during the heady Perestroika days. Turns out he was trying to shove his country out of the collapsing house of Communism before its rotten timbers buried them all. It is all so reminescent of today, where there are no more playbooks. And it may be that the system has to be destroyed in order to save the system.
Speaking of systems, here is a fun, even thoughtful, take on Obama's selections of the upcoming NCAA tournament:
A Bracket You Can Believe In - The Atlantic Politics Channel
At this point, I believe that the Fed is simply throwing stuff up onto the wall to see what sticks. It reminds me of when Mikhail Gorbachev was issuing rapid, wide-ranging, and system-changing policies during the heady Perestroika days. Turns out he was trying to shove his country out of the collapsing house of Communism before its rotten timbers buried them all. It is all so reminescent of today, where there are no more playbooks. And it may be that the system has to be destroyed in order to save the system.
Speaking of systems, here is a fun, even thoughtful, take on Obama's selections of the upcoming NCAA tournament:
A Bracket You Can Believe In - The Atlantic Politics Channel
It kinda cracks me up to read the comments. Some people have no sense of humor. And speaking of humor, here is a sorely-needed humor break, featuring Old Jews Telling Jokes!!
YouTube - SponsorAnExecutive
Ho, ho. If it weren't so true, I'd really be laughing. Is it time for the pitchforks yet?
Quote of the Day:
"No amount of political freedom will satisfy the hungry masses." -- Vladimir Lenin
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