Comments on: Anatomy of the American Financial Crisis: How It is Turning into a Worldwide Crisis http://www.dissidentvoice.org/2008/10/anatomy-of-the-american-financial-crisis-how-it-is-turning-into-a-worldwide-crisis/ a radical newsletter in the struggle for peace and social justice Thu, 08 Jan 2009 17:36:11 +0000 http://wordpress.org/?v=2.6.5 By: Max Shields http://www.dissidentvoice.org/2008/10/anatomy-of-the-american-financial-crisis-how-it-is-turning-into-a-worldwide-crisis/#comment-29700 Max Shields Tue, 14 Oct 2008 02:52:02 +0000 http://www.dissidentvoice.org/?p=3872#comment-29700 This is not a replay of the Great Depression. Nor will an FDR solution resolve what's going on. The expotential growth of debt, of population and of consumption has no historical precedence. PERIOD. We are moving on totally unchartered waters here. And to think that tinkering with banks when the US is clearly by any sound economic definition INSOLVENT. We are printing money with NOTHING to back it and pretending that we've got a fix. The only thing that remains an unknowns is how long the world will buy this mischief before they calling in their markers? This is not a replay of the Great Depression. Nor will an FDR solution resolve what’s going on.

The expotential growth of debt, of population and of consumption has no historical precedence. PERIOD.

We are moving on totally unchartered waters here. And to think that tinkering with banks when the US is clearly by any sound economic definition INSOLVENT. We are printing money with NOTHING to back it and pretending that we’ve got a fix.

The only thing that remains an unknowns is how long the world will buy this mischief before they calling in their markers?

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