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To: sickoflibs
What bothers me about those who are telling us that everything is going to be rosey again is that they never tell us HOW that's going to happen.

They can't say HOW financial institutions are actually going to start lending and making money again. Who is going to be doing the borrowing when those who did in the past are now shown to be deadbeats or unemployed, with the remainder not wanting to borrow any money. The current business plan for most big financials is having Uncle Sam as voting stockholders.

They can't say how we're going to start creating jobs again, execept by trying to revive the former borrow-and-spend system that broke down and can't be revived.

They can't say how we're going to go through all of this housing inventory any time soon, much less have a building industry along with get homeowner's equity (i.e. net worth) back up. Are the unemployed and deadbeats going to start buying all the houses at re-jacked up prices?

They can't say what we're going to do with all of millions of square feet of commercial real estate.

They can't say what we're going to do with all of this consumer debt that won't get paid and the massive losses that will come with that.

They can't say what we're going to do about the destuction of our currency.

They can't say how we're going to pay the uncountable trillions of commitments in entitlements alone coming due in the next decade, nevermind the massive amounts of other spending that's heading over a cliff.

Etc. etc. etc. They just keep telling us that everything will get back to normal, but never give us the math.

17 posted on 05/08/2009 7:24:08 PM PDT by AAABEST (And the light shineth in darkness: and the darkness did not comprehend it)
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To: AAABEST
They just keep telling us that everything will get back to normal, but never give us the math.

They may be corrupt and evil, but stupid they are not.

‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.' - Thomas Jefferson

36 posted on 05/09/2009 6:27:32 AM PDT by Gritty (The force of an economic correction is equal and opposite to the deception that preceded-Bill Bonner)
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