the same realization in 1930(smokey)

Inaddition to the impossibility of reinstituting thecredit/asset/collateral bubble, any attempts to inject more credit intothe system will only exacerbate the economic decline by inflating theprices for food and fuel thereby deflating our economy which is basedon nonessentials. The authorities may be reaching therealization that a controlled economic decline is preferable to anout-of-control attempt to reflate the system. A different crew came to the same realization in 1930: "By February, the Federal Reserve has cut the prime interest rate from6 to 4 percent. Expands the money supply with a major purchase of U.S.securities. However, for the next year and a half, the Fed will addvery little money to the shrinking economy. (At no time will itactually pull money out of the system.) Treasury Secretary AndrewMellon announces that the Fed will stand by as the market works itselfout: 'Liquidate labor, liquidate stocks, liquidate real estate. It willpurge the rottenness out of the system. High costs of living and highliving will come down. People will work harder, live a more moral life.Values will be adjusted, and enterprising people will pick up from lesscompetent people.'" From: TIMELINES OF THE GREAT DEPRESSION Smokeyis coming to the same conclusion about the transmission in his old '71Blazer. When every pint of tranny fluid ends up on the garage floor,it's time for a change. At least all smokey has to do is to put thetruck up on jack stands and replace the tranny. Bush, Bernanke, Paulson, and crew do not have that luxury.