Friday, September 26, 2008
The root problem of the present financial crisis is the (nearly) unregulated trading and speculation in the debts of others -- which has been demanded and supported by the present administration, the Repugnants in general, Sen. MadCain in particular and, I'm sorry to say, large elements of the Dumrats..
As the paper pyramid has grown to a virtual value a hundred times more than the debts on which it is based, money -- real, hard cash has been siphoned off in enormous amounts.
That is why the bubble pops, why the camel's back breaks, why Humpty Dumpty falls off the wall and why all the king's horses and all the king's men won't be able to put Humpty Dumpty together again.
But that is not what the Repugnants are after. All they want is to paste him together some until after the (s)election so the vampires have time for one last fix and then, after the Inauguration, blame it all on the Dumrats when Humpty turns into a puddle of piss.