More Points To Ponder

-1) BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

Look for other international sources of our borrowed money to quickly follow suit.

-2) The FDIC will soon need more than 150 billion dollars to cover insured bank accounts.

It won't take many more failures before the FDIC itself runs out of money. The agency had $45.2 billion in its coffers as of June 30, far short of the $200 billion estimated that will be needed pay claims by the end of next year. The FDIC knows which banks are at risk; it has a secret watch list with 117 institutions on it, and how much it will take to bail them out.

But don't worry, your money is safe... the treasury will bail them out... with borrowed money of course. At least that's the present plan.

-3) The bottom is falling out of the credit market, the government has borrowed far too much money during the last eight years, and it's international credit sources are vanishing. Oops, change of plan may be necessary FDIC...

Our personal ability to borrow money, or use our charge cards, will get very, very tough. Look for many of your credit cards to be cancelled, or start carrying a huge annual fee and incredible interest rate, or become junk plastic because the institution providing them collapsed.

But it's all good... Ali Velshi does not see a 1929 style collapse in the "downward trend" we're seeing. (He really does, he just can't talk about it... you know panic, and all that)

-4) It now appears that George Bush's personal hatred of Saddam Hussein, Bush's fanatical desire to "take him down" - a hatred that has mired this nation in an unjustified war with a three trillion-dollar-plus (all borrowed) price tag, may just take this nation down along with Saddam.

-5) Always keep in mind that there were no Iraqis in the 911 aircraft. They were mostly Saudis, and the well-to-do, rich Saudi citizen most responsible - Osama Bin Laden - never was in Iraq. He went and hid in Afghanistan, a war Bush has ignored for almost eight years, and has now re-ignited.