PM

Interesting views but to think the US govermnet has the ability to "not allow' a depression or recession may be wishfull thinking. The US has just entered into a recession contrary to the government's fudged numbers. The US government is the problem and by removing the gold standard in the early 1970s they removed all goverment fiscal accountability. 

The excess money floating around now is a result of the US government printing money like crazy after 9/11 to.....not allow a recession. This excess money has found a home in the sub prime /derivative fiasco that is balloning beyond everyones imagination and the US has exported these "packages" around the world. In it's attemp to not allow a recession or depresssion the US government is printing yet more bail out money to postpone the inevitable. The money is backed by.....the US government, in other words an out of control paper printing machine. This machine is getting red hot financing the costly war to boot. It will start melting down as the Feds print billions more to bail out the ever increasing financial companies being strangled by the sub prime/ derivative crimes. The problem is in the multi-trillions.  Meanwhile the larger countries in the world are  selling off this devaluing US dollar and attempting to wash their hands of this mess by ramping up their printing presses.. 

Its probably not too far fetched to say the Feds are only prolonging and worsening the inevitable outcome at best. The rest of the world will be, and are being impacted. The issue most concerning is not a US recession or depression but the realisation by the masses that the worlds fiat curencies are backed by......... printing presses.