Another Day?

After the failed bailout, I was told by economists and what all that we would be destroyed, the sky would fall etc. I went into my bunker and hunkered down. But then I heard some birds chirping this morning. Opened the door and I could not believe we actually survived the night.

So goes the socialists and their central planning. Glad to see common sense rule for once. Now lets not stop when a new watered down version comes along. The gang of 3 will not stop with this defeat.

Mr. Market will get where he wants regardless of how much money you or I or the feds pump into to the contrary. Let the banks that gambled go down. A stronger bank will takes its place.

Now if we can just stop the FDIC from its grabbing tactics. Just because a bank has a run on its money, does not mean they have to force a sale in order to place the bank off the endangered species list. What the FDIC has done the last week is a crime. This is all so that they do not have to tap into the reserves and make it look like the FDIC is solvent when in reality we need 125 billion to cover the losses that will come.

We won a great battle, but free markets are still be assailed.

Long gold....