I wouldn't be surprised if George Soros is secretly involved in some way.

Interesting that this how they have been able to keep the markets afloat, in the last few weeks.

But lo and behold, none of this deals are passed to the consumer at all, actually some of the mortgage houses were raising the interest last week.

Greedy bastards.

OMG!!!!!!!!!!!!!! Somebody please tell me where I can exchange my dollars for euros?

Monetizing Debt by any other name is still INFLATION! It won't be long before the 'I can't believe milk is $10 a gallon' threads start showing up. These games have a historical and logical end. They'll start adding zero's to 'dollars' soon. Then they'll rename the paper and take the zero's off several times in a vain attempt to make their paper worth something. Pathetic.

seems another "respected" economist is using the D word Doug Noland

Going forward, I expect a foundering leveraged speculating community to be At The Heart of Deepening Monetary Disorder. The initial victims appear the fragile global equities market Bubbles and the U.S. Corporate Credit market. Forced deleveraging of hedge fund corporate debt and derivatives is in the process of creating a massive overhang of securities to sell, in the process profoundly curtailing Credit Availability and Marketplace Liquidity throughout. The ramifications for our finance-based Bubble Economy are momentous

ya that's not good doug, what else you see in your crystal ball?

As an economic and financial analyst (as opposed to "fear-monger"), I feel it is imperative to highlight that it is more "technically" accurate to categorize the unfolding scenario in the historical context of an economic "depression" rather than "recession." This is certainly not shaping up as a short-term inventory-led economic adjustment or "mid-cycle" slowdown. Instead, we have now entered the very initial stages of what will likely prove a deep, prolonged and arduous adjustment to the underlying structure of our Credit and economic systems

ok wish i didn't ask , but like i have said for a while the current world econmic order is based on the american consumer in the driver seat, and other national govt's go along with this scheme at the plight of their own citizens, because it is a "globalized business" and they have been making decisons based on what is good for this business. When the american consumer can know longer be the benefactor of bubble's the need for another system is created. That time is imminet. The new global business model will be also known as the New World Economic/Financial Order and it will rise out of the ashes in the problem , reaction , solution model.

one of the goldens rules mr gordon brown espouses,dont borrow to finance debt.even i know that and it makes perfect sense.

i guess in this case the have no other option,borrow to finance thier debt or they go bust.its just delaying the inevitable,the more they borrow the harder the fall will be.