Phase one

[rat_bastird]

http://news.yahoo.com/s/ap/20080930/ap_on_bi_ge/credit_markets;_ylt=AkpIdvSZJVZ5h8dZVg1wijab.HQA

This is the first step of what i've been talking about and attempting to post on comments, but LJ has been preventing me.

First step is credit market tightens up.  Cash doesn't flow because faith in other institutions to be able to pay back isn't there.

Comments

[siraka]

Okay Einstein, so let's hear your plan for recovery if/when the fish does flop.
~pokes you with a stick~

not that I don't agree with you but... poke poke

[rat_bastird]

I already stated what i was looking for in an earlier post

[siraka]

You so did not write all of that initially.
I recall something like five points.
But honestly are you saying that your fix after the fall would be roughly the same as your suggested prevention?

[rat_bastird]

Yeah, i added more. I don't always jot down everything I thing. I'm wordy enough now!

After the fall? I'd like to believe that if these things are enacted that what we're looking at is a crash with a few more business's going out unemployment increasing for a while, but nothing we haven't weathered and survived before. If we FAIL to act... then we look at a depression scenario world wide. Our markets influence everyone in the world, not just us.

Doom and gloom... YAY!

It'll take something like the new deal to get us out, to get cash flowing again. Unfortunately another consequence will be the weakening of the our national security because we'll be dependent on loans from others in a pretty bad way and we've now created a vacuum for another world power to fill (see india and china) and that means we, as a nation, are able to influence the world less, for good or bad.