We have exactly one opportunity to stop this, and that opportunity is now.
Government simply must stop "The Bezzle" in all parts of our economy and capital markets, and must do so right here, right now, today.
If we fail to demand this as Americans or our government fails to implement this across the board then we will suffer a Depression worse than the 1930s.
This is not conjecture.
It is not a prediction, nor drawn from how I "feel".
This is mathematics; it is a fact that we cannot possibly maintain anything close to our current standard of living unless private capital decides to re-enter our marketplace - a decision that government cannot force.
Monday, March 2, 2009
The Market Ticker blog explains today how the "bezzle" is making a economic recovery almost a mathematical impossibility unless it stops soon: