[economicminor]

How bad could it get? Just imagine that the TBTF actually did fail. That for what ever reasons, the government was unwilling or unable to bail them out of their extremely leveraged derivative positions. Not only would actual money be in short supply but credit would be possibly cut off as in credit cards too. How do trucks get fuel in this day and age. The drivers don’t carry tons of cash with them, they operate on credit cards. Just extrapolate out what would happen when trucks don’t run for a week or a month? Fuel doesn’t get delivered nor does food. Things could get really ugly.

The financial industry is not only out of control but the consequences could be very dire. Congress should have reigned them in after the 2008-9 debacle but they are dysfunctional. Government is being torn between competing interests as the big Monopoly game has not yet been won and all the players are all in. Not only all in but most are leveraged to the hilt and no one wants anyone else to win so Congress is gridlocked. This leaves the out of control financial idiots still trying to leverage the big win and take out all the other players.

What they don’t really understand, or maybe they do but the game is on and they can’t be distracted, is that winning is really losing. What happens when someone wins at Monopoly? You either fold up the game and go to bed or you divide up the money and start over.. This will be no different except that we are talking about people’s lives and industry and country and families. I surely wish that enlightenment would come and all this fighting to win/lose would end. What is going on in the USA today is just insanity and will end very violently.

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