The Treasury and the Federal Reserve are bailing out virtually everyone, but who is going to bail them out?
The Treasury does this by taking on more government debt; while the Federal Reserve does this my magically creating money from simply expanding their balance sheet. In both cases, in other words, the money used to bail everyone out is created out of thin air. When this charade ends and this house of cards collapses, who is going to come to the rescue?
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up.
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