The other half Glass

“There are no atheists in foxholes and no ideologues in financial crises,” Mr. Bernanke told colleagues last week, according to one meeting participant.

Good old Art. Calls out Paulson as one of the "Robber Barons" on Wall street. There is a great Rumor going around, that paulson didn't care about the collapsing Wall street, until his former company... and I bet significant amounts of his holdings in Goldman Sacks went from $160-$70 Dollars per share. Like I've been saying, Wall street is going to contract, whether it wants to or not.

One of the interesting thing I have found, is that among the people who I believe are in a constant state of attempting to "Pick your Pocket" and constantly Nickle and dime you financially every day of your life. There are 2 Types of them.

• The Supply Side, Republican Corporate Welfare Types. Who Believe not only in Free Market Capitalism, But also that Government is put here to help Companies to make money. All with the Altruistic purpose of Giving you a Job. It's nice that they are so kind to Chain you to a Desk, and put you to work making them money..... All Hail to the Aristocracy!!!!!
• The Pure Market, Black Helicopter crowd/Gold bugs. These guys are Psyched to see the whole system Collapse, and Then Swoop in with the Gold they have stashed in the Fall out shelter, with all the guns. And buy up all the assets of the country with 4 ounces of gold. Of course our constant Socialism, and intervention in healthy Free markets, has collapsed the system.
  

The funny thing is that both types swear they are Free market libertarian Laissez-faire Capitalists. one thing is for sure, they are all in it for themselves.

My Half glass- or my Middle glass.

I tend to fall more in the later camp, Companies need to fail, Stock markets need to go down, Our System needs to stop using Inflation, to Backstop Banks, and Backstop the stock Market. Corporate CEO's are lazy incompetent Imbeciles, who circle themselves with yes men. The only reason they make money is because we have no handle on inflation, and though the companies manage to make 5% per year, the 20% of Hidden inflation, actually means that most companies are contracting 15% per year.

And, here is the Problem with Laissez-Faire capitalism, at the end of the game of monopoly only one guy has the money. There are arguments that it's the earlier regulations that cause the problems. But, it's fairly agreed on, that it's the "Laissez-faire" deregulation, that has lead to this problem.

Here is the problem, This all can't collapse. If we allow this system to collapse, it will be a Replay of "the Great Depression" 30-40% unemployment, You lose your home, and spend your time roaming around the country trying to find enough work to keep your family fed.

the other choice is to set off 20%-30% inflation over the next 5 years, You keep your job, and your home, Gas doesn't get Much more expensive(maybe a bit), but it doesn't get cheaper. You get to buy less, We start to learn how to Conserve resources, We get to Eat less, cook in more, The new generations will probably dream of home ownership, for a few years.

Burning the whole system down and starting anew, is appealing... and coming out the other side, we would be much healthier. But my Easter Philosophy side though says.... We need some Yin With our Yang. Maybe a combination or some middle ground.

As Kurtz said in Apocalypse Now "I watched a Snail Crawl along the edge of a straight razor".

The Razor's Edge is a novel by W. Somerset Maugham written in 1944. Its epigraph reads, "The sharp edge of a razor is difficult to pass over; thus the wise say the path to Salvation is hard." —Katha-Upanishad.

We all Walk a fine line between Heaven and hell. I hope we all successfully navigate the grey waters of Life.

that is the other half glass....