It is not possible to know what would have happened if the intervention had not occurred. Any suggestion otherwise is pure speculation. As in what would things be like now had Hitler never been born to start WWII. As far as I know an even worse guy might have come along that was "smart" enough to destroy the world.
In this case one could argue that the things that Paulsen and crew did actually precipitated the long drawn out mess that we are in at the present time. Perhaps the system would have rapidly compensated for the imbalance and the lack of new uncertainty that they initiated. It is best to disregard any hypotheticals as just a form of political nonsense. Dave -----Original Message----- From: James Bowery <[email protected]> To: vortex-l <[email protected]> Sent: Wed, Jul 25, 2012 8:08 am Subject: Re: [Vo]:The September Surprise On Tue, Jul 24, 2012 at 10:23 PM, Axil Axil <[email protected]> wrote: Without the forceful intervention of Hank Paulsen and Ben Bernanke, Main Street America would have gone through extraordinarily hard times. Amazing that Iceland bailed out homeowners rather than the central bankers and its economy is now booming. How wrong headed could they be? Don't they know that a booming economy isn't as important as keeping the political economic debate between public sector trickledown and private sector trickeldown as the only two options?
