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The power elite are doing their best to pretend that what is unsustainable is not and is simply the victim of panic. Of course the NYT is right there to help out. If you read the financial pages online, you see a lot of articles with "Don't Panic" in the headlines. Paul O'Neill hit that note in his interview with D. Solomon:

Q: Do you think it was appropriate for the Federal Reserve to lend a helping hand to Bear Stearns and save a private investment company from its own bad decisions?
A: I would say they didn’t save Bear Stearns. They saved the financial system from a panic collapse.

As if, Paul. Of course panic is never a good option in any situation, but doing nothing is often equally bad and getting the hell out of the dollar and finding disaster-friendly investment options is a good idea right now. That's going to look like "panic" to the stocks that suffer. What the power elite are doing right now with all the Don't Panic talk is the equivalent of Enron execs telling their employees to hold on to their Enron stock while they were selling like mad.

all the Don't Panic talk is the equivalent of Enron execs telling their employees to hold on to their Enron stock while they were selling like mad.

Good analogy.

I'm so smart ;)

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