1. The media and dims have been talking 'recession' for at least 3 years and many who have never lived through one have believed for quite a while. They have taken on a scared attitude and are looking for the 'magic negro' and papa federal gov't. to bail them out.
2. The damned washingtonians are are going to 'push on the string' with bailouts even more than they have and greatly multiply the adverse effects of proping up dishonest scum and scalawags both in and out of government.
3. This mass increase in the lendable money supply WILL come back to haunt us in rampant inflation at some point. The whipsaw of deflation/inflation will have the possibility to devastate the economy.
As a side note, my parents lived through the 'Great Depression' and it would take a WHOLE lot to even approach those depths again.
Nam Vet
I think what you are saying is also quite possible. You have good reasons and analysis.
I think I am still in the perception shapes reality crowd. I think we will have a pretty good idea of where this is headed by mid February.
I expect the change from one to the other to be pretty sudden too.
I grew up in the last depression and we are just about to the point of entering another one and it’s going to be world wide like the last one.
all the government bailouts aren’t going to delay it more than a few months at best.
If Obamas espoused monetary policy is put into effect it will last at least 10 years.
I think this is going to be needed to convince Americans that the installation of a new money system is necessary ....... as the new Amero Dollar comes marching in.