THE THING THAT HAS BEEN MISSED IS THAT THE US DOES NOT HAVE A SUSTAINABLE ECONOMY...
AND HAS NOT HAD ONE FOR MANY YEARS...DECADES EVEN.
ALL PRODUCTIVE CAPACITY IS IN CHINA OR OTHERWISE OFF SHORE...
PROOF...LOOK AT THE MANUFACTURING EMPLOYMENT NUMBERS LATELY...
ALL THE FED CAN SAVE IS "THE BUBBLES"....
BUT TRYING TO SAVE THE BUBBLES IS REALLY WHAT'S BEHIND THE ODD PLUNGE OF LATE...
YOU SIMPLY DON'T SAVE A BUBBLE WITH ANOTHER BUBBLE...IT JUST DOESN'T WORK LIKE THAT...
THE US ECONOMY IS SO HOLLOWED OUT THAT THERE ARE NO REAL OPTIONS.
I GET THE IMPRESSION THAT WE ARE IN A CATCH-22 SITUATION...
ATTEMPTING TO SAVE SOMETHING THAT IS UNSAVEABLE...
ATTEMPTING TO REVIVE SOMETHING THAT HAS BEEN DEAD FOR YEARS...
ATTEMPTING TO CURE THE BUBBLES WITH MORE BUBBLES...
WHAT IF THAT IS AT LEAST PARTIALLY TRUE...?
MY HUNCH IS THAT THE US COULD SIMPLY BE "ICELAND"... WRIT LARGE!!
VERY VERY LARGE!!
WHAT IF THE US IS HEADING TOWARD THE ICELAND SCENARIO...?
I THINK IT IS NOT ONLY POSSIBLE ...BUT ACTUALLY PROBABLE...!!
IN OTHER WORDS, THE REASON NOTHING IS "WORKING" IS BECAUSE WE ARE NOT REALLY LOOKING AT THE RIGHT PROBLEM...!
THE PROBLEM IS THAT THE US ECONOMY IS DOUBLE DOG BANKRUPT...AND CAN NOT BE REVIVED UNDER ANY CIRCUMSTANCES...NO MATTER HOW MANY "PLANS" COME OUT OF WASHINGTON IN THE COMING WEEKS...
