Overnight, we saw the fifth U.S. government intervention with 24 hours. Even the injection of $180 billion yesterday couldn't prevent the collapse of the house of cards, so they decided to catch and rebuild the cards with a $500 billion bail-out of the entire banking industry and all its toxic bad debt, short-selling ban for 800 companies, money market account guarantees, etc. The American capitalist republic is dead or dieing!
Less than 20 years after the defeat of Soviet socialism, American socialism has arisen. A fitting and timely conclusion to my blog entries.
Welcome to Amerika, comrades! The Devil himself must be laughing!
Thursday, September 18, 2008
Are American Capitalism and the American Republic DEAD!?
Labels:
government policies