Government intervention DOES NOT WORK!

You can now see that what I have been postulating since the beginning of this financial crises began to really gain strength at the beginning of October:

GOVERNMENT INTERVENTION DOES NOT WORK!

The reason is of course the LOUC. Everything the government does has equal and opposite reactions (simple laws of physics).

Fed Chairman Ben Bernanke is going to lower rates again, and this time to almost ZERO! This will complete the US Government intervention to the point where there is no reason to invest or lend in the US: the exact opposite of what the Fed is trying to do.

We will produce similar, not exact, results that Japan did in the late 1980's and early 1990's from which their economy took a 10 year hiatus, and is just starting to come out of that "lost decade" right into the jaws of another crisis.

Could the USA be entering its own "lost decade?" Oh yes, it is very likely, very likely given the amount of government intervention, and the huge Democratic sweeps coming to the US Government in about a week. With people like Rep. Barney Frank, Senator Chris Dodd, Kerry, and now possibly Rev. Jesse Jackson being proposed to replace BHO as the junior senator from IL, the USA will not have a chance to recover.

Now you can see why I changed the blog to:

American Can't be Fixed!