Voila!

It seems the Fed waved it's magic wand and the worse financial crisis since the Great Depression has disappeared. That's the impression you would get if you went by today's news. The Dow Jones Industrial is up nearly 1000 points and it seems that all our problems have vanished. The problem seems to have been solved by throwing more money at it. Wow! If only all our problems could be solved with obscene amounts of money. If we print enough money maybe we can buy world peace. I love money and how it just comes from nowhere. Remember how your parents used to tell you money doesn't grow on trees? Well, they may have been right but this is even better. Money doesn't grow on trees, it appears out of thin air! Like manna falling from heaven. By the way, the $700 billion dollar bailout is now projected to be more like $3 Trillion dollars. That's right, I said Trillion. Good thing our printing presses are warmed up. We are going to need them.

The Fed is now planning to offer "UNLIMITED DOLLARS" to banks, not only in the U.S., but around the world to attempt to inject capital, and they hope confidence, into the financial system. This new approach is most easily defined as the bailout on steroids. What I can't seem to wrap my mind around is this: If it doesn't make sense for the individual pay off debt by getting into more debt how then could it ever make any sense for the Federal Government to adopt this approach? The cold truth of the matter is we are going to have to pay for this one way or the other and the bill is going to be passed down to our children and grandchildren. That $3 Trillion dollars is going to come out of our pockets. So I hope you like taxes as much as I do because they're going nowhere but up up up.