Dear Friends..
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/11/BUJTTRIP1.DTL
It is frequently mentioned to me that i am a pessimist in regards to a few
issues and especially the nations economics. And that's primarily because i
have been mentioning a down turn of significance for a few years.
And i think i understand the difference in my opinion from some others who
also consider themselves realist. As most people at least at this point will
acknowledge that the economy is 'not doing well'. But they see it as a cycle
and not the possibility of collapse. Remember 1981 or 87, etc. And now look
at us! It doesnt reassure me.
Cycles are like the seasons and collapses are indicative of destruction of
the system. I seriously believe our economic system is being destroyed and
not by some conspiracy from outside rather by a national miss direction
fostered by corporate uncontrolled greed..... for the short explanation.
And usually when i ask a person what is going to reverse the economies
severe contractions i am told something like we have a managed economy and
the Feds checks and balances are their for these situations. (They should be
called the nudgers rather than the Fed governors in my opinion).
Now that sounds reassuring and definitely from a position of middle class
education.
What concerns me is this oil based nation and continual bubble economy which
is feeding two wars may not know about this comfortable checks and balance
explanation.
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