Henry Paulson on Charlie Rose
Tuesday October 21, 2008
Henry Paulson, like most people, believes that the problem is caused by a lack of liquidity in the marketplace. The problem with this analysis is that the problem was created by debt. Therefore, returning to the 'normalcy' where people can continue to get into debt (borrow, use credit, etc.) is to return to the 'stable' state that created the current crisis. This makes no logical sense. He is not following the math.
'Injecting capital' means increase borrowing, expanding the national debt, and selling the country's assets to foreigners at auction rates. America is being re-colonized financially. Not only is a self-employed person (like myself) a dinosaur, but eventually the multi-national corporations will all be controlled by fewer and fewer people. This is mathematically inevitable. Like the game Monopoly, all the money ends up in the hands of one person. The person who wins is not 'evil,' it is just the mathematical result of how the rules are structured. In Monopoly, the more money that is 'pumped in,' and the more the real estate values increase, the more crazy the game becomes. People remember the beginning of the game, where everybody is getting rich. But a tipping point must occur, where everybody begins to get poorer. This is math, plain and simple.
'Injecting capital' means increase borrowing, expanding the national debt, and selling the country's assets to foreigners at auction rates. America is being re-colonized financially. Not only is a self-employed person (like myself) a dinosaur, but eventually the multi-national corporations will all be controlled by fewer and fewer people. This is mathematically inevitable. Like the game Monopoly, all the money ends up in the hands of one person. The person who wins is not 'evil,' it is just the mathematical result of how the rules are structured. In Monopoly, the more money that is 'pumped in,' and the more the real estate values increase, the more crazy the game becomes. People remember the beginning of the game, where everybody is getting rich. But a tipping point must occur, where everybody begins to get poorer. This is math, plain and simple.
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