IT AIN'T HAPPENIN!

10/08/2008

It ain't happening


Why is the FED and others unable to stop the stocks from sliding or open up the credits lines? With all the money being thrown out in to the debt abyss, you would think that we would have been able to stop the spiral.

The reason here is simple, the money being supplied to the banks, the credit lines take over of banks and whatever is unable to stop the drain and stabilize the stock markets is simple. This money has already been spent, by the banks that made bad loans already and now can only fill in the holes in their portfolios. The loans have already been made and the monies spent and lost, and the consumers who are not worthy of loaning money to are still unqualified as they were two weeks ago.

Why now, all the money being created now has already been spent and already been lost so it won't help, the six trillion dollars in liquidity on the sides? where is it?

And they( governments) may be able to throw money in to a fire pit, but how do you buy trust, everyone knows now that everyone else is a crook like himself, and what was sophisticated scheme of yesterday was just another swindle, much like an e mail from Nigeria, but with a real return address.

And lastly, what idiot would now want to loan money to fools that can not keep a budget to buy I-pods or flat screen tvs, much less large homes.

As oil is now crashing the wealth of the rich Arab Sovereign funds is disappearing faster than the Gennie of the oil lamp, and the Texas, Alaska and the Canadian oil projects are soon to go up in smoke with their respective economies.
ANY QUESTIONS?