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284 comments on Some Lessons from Bailout Month

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GROK on October 1, 2008 - 4:16pm Permalink | Subthread | Parent | Comments top

Hello Ignatz, that is very curious! Yes there is a provision that would allow foreign banks that have an American presence to dump toxic financial instruments onto the "bailout" plan. I am concerned that we are witnessing the clampdown of free-speech.

Found the link directly to his website:

http://market-ticker.denninger.net/archives/596-The-TRUTH-About-The-Bail...

Did the Big-Boyz come down on YouTube? Was it swamping their servers? If so that would be good but if it was the Plutocrats taking him off then the fix is in.

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peakoilBob on October 2, 2008 - 8:21am Permalink | Subthread | Parent | Comments top

It's not curious, it's a choice.

If they do not allow foreign banks to liquidate the toxic debt they then no foreigner will touch US assets or the $. All the dollars held abroad will be repatriated and the dollar is toast.

So either they hyper inflate or the dollar is toast, and if they do inflate then the $ is toast anyway.

That is the true dilema and there is now no way out. All they can hope for is to stall for time.

When the crissis hits in full global trade will collapse.

Since the US is importing so much oil there will then be an immediate energy crisis for the US. Followed by war or should I say more war.

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284 comments on Some Lessons from Bailout Month

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