It’s too late to stabilize markets using taxpayer money. The world has legitimately rejected as unreliable our current corrupt economic system and currency (read Paul Craig Roberts, among others.) No amount of taxpayer money spent by crooked politicians picking ultimate winners and losers in this crash can restore international confidence. 

Prices won’t fall indefinitely; in today’s small world, international buyers quickly snap up values. Self-serving government bailouts complicate and postpone the day markets correct and we begin our arduous climb back to national recovery.

We’ll need all the FDIC and charitable money government must print to pay its bills, insure citizen trust in local banks, and prevent daily suffering—unemployment, starvation, freezing, homelessness—when the inevitably ensuing inflation has shrunk to pennies the hard-won dollars of  middle and lower-class wage-earners and savers.

When this crash finally hits its natural bottom, we will begin again, sadder and wiser, to build a better, more stable, caring market system. Hopefully, Barack Obama, with his characteristic thoughtfulness, pragmatism and vision, will lead us capably through this terrible time, and back to greatness.

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