The Paulson monster is coming; it's perhaps the creature with "666." America will be turning towards a new socialism with American characteristics. Their socialism is using public money to help the rich or robbing the poor to save the rich. This is actually "capitalism" in its purest form!
The devils in Wall Street should bear the penalties for creating a housing and financial crisis that rocks not only USA but also many major markets in the world. But instead of getting what they deserve, they are to be well-rewarded by at least USD700 billions!
If those devils are left to their own destiny, they will inevitably be wound up and the losses will still be taken by their investors, employees (not their fat cats, my God) and related counter-parties. The losses may probably be quarantined and the rest of America or the rest of the world can go on with our normal lives.
But the creation of the Paulson monster will turn the world upside down. The US administration will be injecting unlimited funds into the hands of the devils in Wall Street and the money will be paid out of the global pool. Why? The money from the US Treasury comes from taxpayers, from investors of US bonds and securities, from countries like China, Japan, ....The price paid by the US administration will come from directly or indirectly from everyone holding USD assets or everyone who cannot get rid of USD assets. The Paulson monster is going to rob everyone on earth money to fill up the blackholes released from the hell in Wall Street.
I don't see why the US democrats are bargaining for help to homeowners and limits on executive pay in return for supporting the birth of the Paulson monster. You simply cannot set off a fundamental international disaster and error against a social benefit. One good can't set off against one evil. This is NOT a mathematical world of good and evil!
If helping out the poor innocent homeowners and limiting the fat checks of fat cats are the right things to do, you must go and fight for them in Congress and this is entirely separate from supporting the creation of the Paulson monster! Giving birth to a monster in order to secure some milk for the human babies in the nursery is absolutely ridiculous. I just don't understand how the US democrats think!
Perhaps, the Fall of America is finally coming! All countries holding USD investments must think of a way to get rid of such assets and convert them into something more reliable. How about selling all our USD assets back to the US Treasury as part of the "toxic debts" of Wall Street? But no, you are going to take back US dollars in exchange and it's still paper money!
So you can see the whole gimmick is using papers to buy back papers and that is the weapon of the monster. I hope you can see what will happen soon! It all boils down to a question of how heavy is the weight of paper money.
Sunday, September 21, 2008
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