" That convinced him that it was high time to get out of the market in 1929. The rest is history."

Regarding history...was the FED after the 29 crash pumping QE into the system?

IMO, this current market is being held together with spit.....Quantitative Easing is not the answer to the problem. It's now, IMVHO, going to exacerbate all the problems.

The system is in jeopardy without the normal control of interest rates....which the country now can not afford to let rise.

Rates have been the key problem from way back when Greenspan did as he did.

The principle of the country has been totally robbed with what has happened.

My principle is worthless...and investing it in these shaky up and down markets do not exemplify its worth in any fashion.

The banking industry does not need my, or anyone's, principle anymore. As individuals we are not part of that system any more, we're nothing but a novelty sitting on the side lines watching everything that we considered normal evaporate ..

The country must now function on zero % debt service.

As I see it, for as long as it takes to recapitalize a large percentage of existing debt down to zero. Doing that could take a very long time.

doni