Tuesday, September 30, 2008

Alternatives to Throwing $$ Down the Rat Hole (With Apologies to Rats)

"Ripley: You know, Burke, I don't know which species is worse. You don't see them fucking each other over for a goddamn percentage."
--Aliens, 1986.

If you, like Chaos, have been viewing recent economic events with alarm, (perhaps you may have even contacted your "elected" representatives with your views) here's some alternatives to consider, simply because it's easy to engage in "either-or" thinking about this stuff, when government officials engage in the same business as usual chicanery, seeking maximum resources and unaccountable power by wielding weapons of mass panic. First, here's five not very compelling actions the US might take to stave off what looks to be a massive dose of deflation and frozen credit markets. Here's one that sounds a little better (ignore the somewhat hysterical tone). There are more out there; very thoughtful people, apparently, are not included in the political debate. What's clear is that this is an unprecedented situation, and that no one, NO ONE, really knows what will happen, and what to do about it. Indiscriminate throwing of taxpayer dollars is unlikely to make a difference. (Witness the fact that the $700 billion figure was apparently pulled out of someones butt...). One more axiom, and then Chaos will cease: the people who got the US into this mess (or stood idly by, or encouraged it) are unlikely to be the ones to get us out. Oh, and here's a nice video of at least one Congressperson who gets it...

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