Global Bail Out............from Rico

The 'coordinated' USD liquidity swap deal [FED, ECB, BOE, BOJ, SNB, BOC] is being cheered as if the FED was wearing it's Santa hat.

I have to wonder how short the half-life of this latest move will be. But meanwhile 'what' does it really mean?
- It confirms a worldwide dollar crunch exists [read: no liquidity]
- It means the global situation is far worse than the talking heads have said, or even hinted at.
- This is merely more of the same-old same-old "extend-and-pretend." Nothing has been solved or fixed.
- We are witness to the death-struggle of Keynesianism and fiat currency.
- When this latest move fails, and it will, there'll only be Mars to bail us all out.

Too much debt is too much debt, no matter what you say. Someone will have to pay the bill. Forget Santa, or Mars...MORE debt is being added to existing debt, and it will have to be dealt with. Meanwhile, instead of facing reality and admitting the failure of the Socialist welfare state our 40# financial 'brains' have allowed the financial zombies to roam among us a while longer and avoided the inescapable fact that access to credit/liquidity is NOT wealth but it IS access to debt. And it is DEBT that will do us in.