eastbay wrote:The nasty choice: Moderate pain now, or huge pain later.
Disagreed.
This was the "choice" at the beginning of the Bush Administration, its not a choice now.
Now the choice is between "Great Anguish and Pain and some Unavoidable Death" now, or "Incomprehensible Death and Destruction and Dissolution to Complete Anarchy" later.
Unfortunately, despite the fact the former scenario is somewhat more acceptable in the Grand Scale than the later scenario, NOBODY will support the idea of descending IMMEDIATELY into Great Anguish and Pain. Although plenty of interesting "solutions" to what lies before us were proposed by members here in the "If I were President" thread, any of those solutions would almost certainly end up in said person being Impeached, tarred and Feathered and ridden out of town on a Rail.
No doubt, the Bailouts of different sectors of the economy will continue on here, money will be printed until it is meaningless. Its STILL not inflationary though, because it simply isn't going to make it out into the real economy to raise prices on goods that just are not THERE to buy. Its all just getting sucked up into a Black Hole of Debt that is so deep, so huge as to be beyond comprehension. This of course is the nature of a Black Hole. As long as you use this monetary system to try to resolve out all the debts accumulated here, you fight a losing battle. No matter how fast you pour water into a cistern that is shot full of holes the size of craters, the water pours out just as fast.
The Monetary Sytem is TOAST, but TPTB won't let go of it because its all they have to hold onto Power. They will continue to try to prop it up by even the most clearly impossible means such as buying your own debt until all the goods are GONE, and the society is in complete anarchy. Then there will be internecine warfare in all communities as they struggle to make their own little patch of the earth sustain some of them. it will of course take some time to unwind to this point, how long is anybody's guess here, but its coming regardless of WHAT Obama does here. The only thing he can do is slow the sinking some, and unfortunately this is not slowing the sinking but rather accelerating it, but the end is the same either way, so does it really MATTER here?
Nobody wants to see TEOTWAWKI, but its coming no matter what so might as well just get it over with here.
See You on the Other Side.
Reverse Engineer