DCM

The Bottom's Within Sight - Barron's

Each day that passes, information will be revealed about just how dire the situation is. More importantly, most Americans, (the 90% that controls but 10% of the wealth) will finally wake up to the fact that this country is no longer a democracy, but a plutocracy. Every single economic policy supported, promoted and enacted by primarily the Republicans in Congress will be exposed as policies designed to keep the wealthy in power and the rest of us constrained. For more than 25 years, the Republicans have supported supply side (trickle down) economics, tax cuts for the wealthy, deregulation, consumer spending (vs. saving) and a dismantling of consumer protections. The Democrats are just as guilty for not standing up to the Republicans and in many ways supporting legislation that has protected the plutocracy. I think both sides have intentionally employed gridlock
as a tactic to evade doing anything to benefit the majority of Americans.

Now that financial armageddon has come to the world, who are the first to be saved? The wealthy!!!! As this world wide depression sweeps the planet, I think there is a chance that we may see a significant amount of class warfare erupt. It may get very ugly, before it gets better, but it will get better!