Trust is Gone

Much has been written about the Great Depression and how it relates to the current financial crisis. Paulson, Bernanke, and the rest of the clowns are bending over backwards in order to make sure that this crisis doesn't turn into another depression (if it hasn't already).

So everyone is asking the same question - "Why did the Great Depression last so long?". Was it government intervention, lack of government intervention, fiscal policy, ...? The list goes on. The answer, however, is very easy.

It's called trust. Everyone lost trust in the system. It took about one generation for trust to be restored, or more accurately, for the next batch of suckers to grow into adulthood. That's the ONLY reason the Great Depression lasted so long.

So it's easy to extrapolate this to the current crisis. The crisis will end when trust is restored in the system. The American public has been bamboozled for the last 30 years as our high living standard has been squandered by those in charge of it's upkeep. The free market has sold off America piece by piece, and there is nothing left. At least nothing we really own. All the money has gone down a bottomless pit, and it's gone, just like the money Madoff managed.

Krugman was right. Capitalism and free markets are a Ponzi scheme. But today the bill is due, and there's nothing left to sell. So Bernanke and Paulson start printing money to defer the payment for another year or two.

The end is near. Trust is gone, and it won't be restored this time. The USA is finished. Change our name to BUSA, the Banana United States of America. In a few years this will be clear, when we start defaulting on our national debt, just like a typical banana republic.

Thank you, free markets!