1) Adjust interest rates (down ... to try to spur lending and/or borrowing) or
2) Print more money.
Adjusting the rates down hasn't helped, and printing more money that's backed by nothing almost always leads to hyperinflation.*
But now I'd like to quote (again!) from Coast to Coast AM with Art Bell. This time, the show is dated 18-DEC-2008.
AB: "Perhaps for the last time, Wall Street could take care of its own panics. Today, only governments have that resource and it's not even certain that [Ben] Bernanke and [Henry] Paulson can pull it off.
Not everyone, of course, thought [J.P.] Morgan [yes, that J.P. Morgan] a hero. Populist politicians claimed he'd done it for his own gain. But even Teddy Roosevelt, who'd once viewed Morgan and his ilk as malefactors of great wealth, was in awe.
The Panic of 1907 (*2) lead to important reforms such as the formation of the Fed [Federal Reserve (*3)] as we know it today - who knows what new regulations and new controls the present crisis will produce?
There are ironies heaped on ironies - the U.S. - our United States has touted free markets as the holy grail; and even liberal democracies have been exforeated [I'm guessing at this word] by Washington for not wringing out their last vestiges of socialism. However; today, much of the US economy is about to be run by the central government, which is supposed to be where socialism went wrong.
Today, China is looking to the United States for inspiration on what to nationalize, rather than privatize."
Granted, there is a lot there. But I quoted more than I needed to so that you'd get an idea of why this was important.
Let's look at those last few sentences again: "However; today, much of the US economy is about to be run by the central government, which is supposed to be where socialism went wrong. (emphasis added)
"Today, China is looking to the United States for inspiration on what to nationalize, rather than privatize." (emphasis added)
But what is on the Drudge Report's front page as of this writing? Again, let's look on the right-hand side. The one that we're interested in is the second one down:
"Dick Morris: HERE COMES SOCIALISM..."
Only this time, I'm not saying it. But I WILL say this: Gerald Celente called 2007-2008 "The Panic of '08." He's said it will be followed by "The Collapse of '09."
This comes back to what some prominent economists, including Nobel laureates, are now saying. They're not using the "R" word anymore. "R" as in "recession."
They're using the "D" word. "D" as in "depression." And we've got those money-hungry politicians, their fat lobbyists and the fatter wall street ilk to thank for it.
Makes you wanna spit, doesn't it?
But I AM going to leave this entry with one more thing -
This is a direct link to the YouTube video: http://www.youtube.com/watch?v=NtFwS2W3ITI
And the title on the Drudge Report? "VIDEO: Dems To Spend Nearly $1 Trillion and can't Promise 1 Job?" Yes, you read that right. Does anybody else remember their famous proclamation "We'll spend our way out of this!"
And they admit that for all the money they've taken, they can't promise ONE SINGLE job. This isn't about money - it's about power.
It's a power play, a play to consolidate power into the hands of fewer and fewer people. If you have signed up for Streamlink, I'm going to point you to a number of Coast to Coast shows. These are the dates for the most recent shows that you'll want to download.
(Streamlink members have access to 90 days of archives)
13-NOV-2008,
25-NOV-2008,
18-DEC-2008, and
11-JAN-2009.
* - Hyperinflation: http://en.wikipedia.org/wiki/Hyperinflation
* - Panic of 1907: http://en.wikipedia.org/wiki/Panic_of_1907
* - Federal Reserve: http://en.wikipedia.org/wiki/Federal_Reserve NOTE: See also Federal Reserve Act at: http://en.wikipedia.org/wiki/Federal_Reserve_Act
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