Is the endgame of the massive fed bailout will not actually save our markets, but only has the effect of prolonging the collapse so that people with wealth and resources can get their affairs organized? If so, think also about this: if we use the federal government as collateral to recapitalize these banks, the federal government will also be completely insolvent at the time the markets finally collapse.
This matters.
When the federal government becomes insolvent, it will be the end of all services that do not support military objectives. No more human rights, fair courts, education, healthcare, oversight. Millions of people will lose their federal jobs. All class action lawsuits will be settled or discarded. Debtors prisons will become high fashion. Farmers will be forced to produce food for nothing or will be conscripted into the military. Every person who is below 50K per year right now will become severely impoverished. Measles, smallpox, influenza, dysentery to follow. Not the end of the world but the end of the world as we know it.
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