[JNB]

The logical end result of a massive loss of jobs is a European style welfare state, along with social unrest to go along with it. So far,l mainly though low intrest rats thnaks to the Asian centeral banks buying hundreds of billions of dollars of US Bonds, real estate and related activities such as re-fis has been a big cushion, but that cushion wont have air forever. You made a excellent point a couple of weeks back about having a Victorian era style of economics minus the Victorian era social values to go along with it.

[Tokhtamish]

Fascinating how the free traders are so utterly oblivious to the societal consequences of their policies. All they talk is either pure callousness or libertarian theory. Never real world consequences.