http://www.crikey.com.au/2008/09/19/central-banks-combine-to-well-save-the-world/ now with extra source Sun, 12 Feb 2012 02:48:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2008/09/19/central-banks-combine-to-well-save-the-world/#comment-9776 tpo Thu, 01 Jan 1970 10:00:00 +0000 #comment-9776 There is not enough money in the world to "save" the USA. That is the nature of deflation. Throwing $180 billion at this problem and then doing a repo is not a permanent save. What's a temporary $180 billion against the backdrop of a $60 TRILLION pnozi pyramid of ficticious capital? All that's going to happen is that after the swamp is drained of the CBs' liquidity pump, the hard tankage will resume. There is not enough money in the world to “save” the USA. That is the nature of deflation. Throwing $180 billion at this problem and then doing a repo is not a permanent save. What’s a temporary $180 billion against the backdrop of a $60 TRILLION pnozi pyramid of ficticious capital? All that’s going to happen is that after the swamp is drained of the CBs’ liquidity pump, the hard tankage will resume.

]]>