Housing Rescue WILL NOT Work At All
We finally open the latest Santa Claus Congress package. It is full of the usual useless stuff. It is really an attempt at turning back the clock. Oh, we so very much want the Free Funny Money™ to continue! Toyota has finally become the world's biggest auto manufacturer. Even if some of these are made by American workers at lower wages than in Detroit, this is not a sign that is good for Americans. Also, the suppression of the commodities markets continues. This is the only way they know that can hide inflation. Desperately, everyone in the US power structure wants to resume asset inflation. This is impossible. Until Americans figure out that cheap lending means economic destruction, we will continue to flap around the flame of cheap loans like a moth looking for sex with candles.
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