Ilargi writes: I want to talk about the economy, Mr. President. I’ve seen who your
economic advisers are, and that fills me not with pride but with a
frozen chill. You know, Albert Einstein said that “The significant problems we have cannot be solved at the same level of thinking with which we created them.” That is a very wise observation. Albert was as good a thinker as he was a physicist. …

If you, and the nation that so courageously elected you to be their
leader, are to have a fighting chance at eventually beating the
depression that can not be avoided, you will have to turn to people for
advice who are not part of the banking in-crowd. …

You will have to call a stop to Wall Street, and all of the nation’s
finance policies, being a casino. That is as succinct as I can put it,
and I can but hope that you understand how bitter and grave it all has
become. You will need to throw out everybody who has had any dealings
with it, while at the same time they will tell you that they are the
only ones who know what goes on. …

You need to force all casino paper out into the light of day, that is
not some optional item. Yes, it will mean the end for scores of
powerful players, many of whom have financed your campaign. Nothing
easy about it. But if you don’t do it, you condemn the American economy
to years more of downfall. US Treasury bonds are under extreme
pressure, and as long as Paulson et al are allowed to continue to cover
up toilet paper with what rightfully belongs to the American people,
faith in the market can and will not be restored.

You need to
withdraw all government support for Detroit, and let Ford and GM fail
if they can’t stand upright on their own. Same for all financial
institutions. No more bail-outs, they just cut the trust level ever
lower.

You must call Nouriel Roubini, now, and form a group of
people around him, like Robert Oppenheimer at Los Alamos, and let them
be your main advisory team. There are many able Americans who are not
too far inside the asses of Lower Manhattan. Talk to Peter Schiff, to
Paul Kasriel, to Marc Faber, George Soros, Bill Fleckenstein and
Meredith Whitney. Give Doug Noland and Bill Bonner a call. Sit down
with Ron Paul. And of course you are always welcome to contact me. I am
not American, and I have no economics degree, but then again, that by
now is a strong point, not a liability. I have called all this
correctly for a long time, and I know what needs to be done.

You
have proven yourself to be a very courageous man. There are equally
brave Americans in the world of finance, just one phone call away.
Please sir, believe me: You will need them. And you have not a second
to lose. Your predecessor is handing out trillions of dollars and waves
of pardons behind the wizard’s curtain as we speak. (11/06/08)
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