by Jeff Franklin

Created on: September 26, 2008

The Only Realistic Way to Fix an American Economy on its Last Legs

America, financially, is dead. Its only hope now is for a financial Resurrection!

We may be in the beginning of a "Turbo-Depression" that will make the Great Depression of the 1930's look like a picnic in heaven! I won't get into the failures of capitalism itself, politician evil and negligence on a Satanic scale, as well as the lack of government regulation and oversight on financial institutions and Wall Street that caused this financial supernova on steroids in the first place. Blame and finger pointing (perhaps punishment, itself, for 10,000's or 100,000's of evil stock and fund brokers, financiers, CEO's, lenders, lobbyists and politicians) will temporarily wait till the below gets done first.

Right now, I must concentrate on financial and global security concerns that put not just American lives in peril, but put in peril the entire livelihood of mankind on earth.

A $700 Billion tax payer bailout covers only the tip of the ice burg. It is yet unknown how many $Tens of Trillions of unsecured (off the book) debt is still out there, hanging as a death cloud (or shall I say "death star nova") over the heads of nearly a quarter billion Americans, alone! Add insult to injury, the political wonks on Capitol Hill have the audacity to charge this "bailout" to the taxpayers.

For simplicity, I'll make the rest of this paper in two parts. Part I: The dangers and consequences of this financial "supernova" (there's no other appropriate analogy); and, Part II: The "clear and present danger" of a Global Depression precipitating into a Global Thermonuclear War! (This Part II, I say, because no one in media or politics has the guts to bring up this reality that will surely be a consequence of a Global Depression.)

Part I: Forget an "income tax-supported" bailout. Forget inflation. You don't need to have any of these. That's right, that's no misprint, I said, you don't need to have any of these. Right now, you need two (2) things to solve this cosmic level emergency: 1) a Presidential Edict (Executive Order), and, 2) the Federal Reserve Bank money printing presses. The Presidential Edict must be given by a brave President, and, at present, I doubt King George Bush has anywhere near the guts, nerves and bravery to issue this Edict. However, the Edict that must be given says:

"From this day forward, till an indefinite time into the future, as conditions may dictate, there will be NO raising of prices anywhere, anytime,

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