Let me be clear, too. A massive amount of dollar-denominated liquidity was created following the 2002 corporate meltdown. Nothing remotely near all of this has been destroyed since the mortgage market imploded. Indeed, it largely has been stabalized through government intervention. Some $3 trillion sits like a vulture in low yielding money-market securities. A veritable feeding frenzy of take-downs and take-overs is a distinct possibility going forward.
Of course, none of this masks the truth of a hopelessly imbalanced economic and financial situation lacking sound underpinnings necessary to maintain the viability of the foundation supporting the arrangement. Government intervention to sustain a hopeless situation does not change the fact a frightful day of reckoning still looms.
Conditions may be aligning to once again ensure the further delay of that day's coming. Yet, only all the more will the consequences of maintaining a hopelessly bankrupt illusion result in still greater destruction once the inevitable vanquishing of confidence comes to pass. Then, it just might be the full faith and credit of the U.S. government that's tossed to the wind.
And this is precisely what the eternal enemy of the United States — the deranged European aristocracy backing the British Empire — have been venturing for years to accomplish. The demise of many a useful fool on Wall Street helping to perpetuate our nation's present mess seems a most natural course of events whose day apparently has dawned.
There's one wildcard I can think of here worth mentioning. It rests in the historical fact the notorious Roman Emperor Nero, seeing the writing of his demise on the wall, reacted by killing his mother. So, Citi, what shall you do? E' tu Merrill?
Surely, these two must see an ominous fate awaiting Wall Street...
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