We need not to brag about it.

A corrupted (financial/political) system always collapse. Politician alway trys to kick the can once more as if there was longer road ahead. There is no way to avoid that.

Ludwig von Mises said: there is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system invovled.

As Washington puts a superficial patch on the deep financial issue, we are heading to the the final and total catastrophe. It may take several years, it may only take a short period time but the ultimate end game is the same.

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• Hats off to anyone who quotes Mises -老豆- ♂ (62 bytes) () 08/01/2011 postreply 15:40:51