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  • Stocks Plunge, Again [View article]
    Tim... I like you bio. Say, you wouldn't happen to have Greenspan's home phone number and address would you? I'm sure many of those on this site would be interested.... Hehehehehe...

    Seriously, when I was in my undergraduate program at UCLA decades ago, we learned a lot about the consequences, historically, for economic system failures. There is an absolute failure on the part of our government to prepare the population for what may be coming. Of course, it is possible that the politicians don't understand, or choose not to understand, what may go down.

    An economic collapse, especially at this time of year with winter coming, could be catastrophic. There may be mass migrations of the population... I'm not kidding you and I'm not being an "alarmist" when I say that it could be horrific -- much worse than the Great Depression. During the 1920's and 1930's the United States still had a significant portion of the population on family farms. Even those in the cities had realities, if not family, to fall back on for basics. No more.

    As an economist said in a Bloomberg report today... You may need a very "strong stomach" for what will happen in the future.
    Oct 09 19:49 pm |Rating: 0 0
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