Yes, it will be ugly, but we have to let these and the dominoes after them fall so we can get it out of the way and get back on sound footing. Government bailouts are going to do nothing but prolong and make the mess even bigger.
What really needs done is the entire federal reserve system needs trashed, and returned to FEDERAL CURRENCY backed by gold, and not federal reserve notes backed by debt. End of the day its very existence is why we are in the mess we are in as far as I’m concerned. THese snakes got a century to screw over the production and hard work of the American people, enough is enough.
Yes, but the cure may be worse than the disease. If a total collapse comes, I fear we won't be able to recover.
The workforce will keep everything intact, money isn’t stopping from there.
OH we’ll be able to recover, the snakes that have skimmed their percentages off the top for a century though, mostly won’t. This is the greatest nation in the world, and we will recover.
Yea, WS goes down, so does Europe and so does Asia... and you know what? So what!
Provided the politicians don’t screw the pooch, we’ll clean up the mess and get going again.. Sadly the gut reaction from the government is to keep bailing out, which just prolongs and enlarges the pain.
Hit the reboot and lets get back to fundamentals. We can keep trying to save this sinking ship, and drag the pain, agony, suffering out even longer and make an even larger oil slick when its all said and done, or stop the insanity and return to reality.