Ailing, Failing, Wailing And Bailing (September 27, 2021)

. . .

K          “The financial and economic system is insolvent not just illiquid.  That will not endure.”

J          “They can and will continue to print their way down Primrose Lane and kick the debt can down the highway.  If any entity is ailing or failing, it can always start wailing and the Federal Reserve will start bailing.”

. . .

J          “We will know that Bitcoin has arrived when the government bails out the holders of Bitcoin.”

. . .    

K          “These things happen in October.”

J          “Not going to happen.  Perhaps next October.”

K          “You’re probably right.  Let’s compare notes.  On Halloween.  This year.”

. .  .

[See the e-commentary at “Is Inflation Inflating!?!? (April 26, 2021)”, “Covid-19 PanICdemic/Plague:  Basically, Back To Basics:  Finding Food; Printing Rutabagas.  Happy Earth Day! (April 20, 2020)”, “Covid-19: BAU v. BAU (February 24, 2020)”, “Twenty Sixteen (January 4, 2016)” and “They Can Print Money (November 2, 2015)”.]

Bumper sticker of the week:

A system that cannot go on forever will not go on forever

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