Quote:
Originally Posted by Z-man
Wow - I did not see that -- I guess the old saying is true: "A fool and his money are soon parted."
To the sheeple of the USA: wake up the smell the $6.50 latte! Stop wasting your money -- this economic downturn is real - don't ignore it!
-Z-man.
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If you take the long historical view this Recession/Depression is a SYSTEMIC FAILURE..It was a long time coming, and showed that not only the financial/industrial/consumer structure but governmental structures were unsustainable and were bound to crack sooner or later. You might call this the new normal and if the current policies are promulgated worse lies ahead. The domino's will continue to fall.
Once GW Bush said we were in "crisis" mode the system cracked, as people were now told that the system which they had thought of being a Rock of Gibraltar had turned to rubble they started to wake up, look around, grow concerned and a lack of confidence ensued.
Many Americans are still under the illusion that America will eventually return to prosperity, return to the normal that they are accustomed to. what the government and Federal Reserve has done is prop up the sick man so that it can stagger on. This was the only viable option that was available for the alternative was to let the patient die. The hope was and is that the patient would return to health, however on the other side of this systemic failure is a far more austere America with greatly reduced expectations This will be a return to reality for America that has been long in coming.