[sickoflibs]

The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

Boom-bust ping.

"In order for the world economy to recover, the big savers will have to start spending, just as governments and consumers in countries such as Britain will have to borrow less. It would be nice to assume that this will happen automatically. But given the disaster our misshapen international economic system has foisted on us, we can hardly rely on such an outcome. "

"Opportunities to overhaul national economic policies happen every 20 years or so. Opportunities to reshape the framework that binds nations – the rules that determine the flows of capital, the behaviour of exchange rates and monetary policy – happen even less frequently, usually after a war or a financial crisis. "

[MaggieCarta]

Somehow, I find it quite comforting that the opportunity to "improve capitalism" has been lost.

Thank you for the ping, sickoflibs.