A recipe for a disaster as its the prudent ones with capital that need to be protected so capitalism can work in the manner its intended and not a government s; sponsored leveraged Crony capitalist system.
As Ludwid von mises said there is no remedy for fixing a collpased bubble other than to let its run its course other wise the currency itself will collapse. We are seeing the result of this now. I disagree with Denninger though
metals will in the end be the only place to preserve wealth, that and food and maybe guns.
This nis serious stuff and the only way out is to let the market work free of manipulation
yes that means people who borrowed too much and the lenders will be wiped out, but so what
thats the way the system is supposed to work, the prudent get to buy the assets of the imprudent and the system starts again from a more sustainable base ands lenders and people who got leveraged too much learn not to do it again
Jobless Claims: Stinks Again (414k)