The French and Germans know what it is like to live in hyper inflation. They don't want to have that disaster befall them. On the point about the Asian crisis of the '90's, the Obama administration is doing EXACTLY what the Japanese did. They wouldn't allow their zombie banks to fail and it ground their economy down for a decade. Obama's Geitner plan is identical. Fortunately for us it will have to fail because the red ink is just too deep for the Treasury to sustain it.
The French and Germans know what it is like to live in hyper inflation. They don't want to have that disaster befall them. On the point about the Asian crisis of the '90's, the Obama administration is doing EXACTLY what the Japanese did. They wouldn't allow their zombie banks to fail and it ground their economy down for a decade. Obama's Geitner plan is identical. Fortunately for us it will have to fail because the red ink is just too deep for the Treasury to sustain it.
mongobobo 2 years ago