OBAMA'S BIG MISTAKE IS THAT AMERICA'S PROBLEMS ARE STRUCTURAL, AND NOT FISCAL OR MONETARY...
BUSH AND THE NECONS WERE MAJOR SPENDTHRIFTS...THE FED HAS REFUSED TO "TAKE THE PUNCHBOWL AWAY" FOR DECADES NOW...
OBAMA IS ASSUMING THAT WE ARE IN SOME KIND OF "TIGHT MONEY" RECESSION...
WHEN IN FACT THE US ECONOMY IS IN A STRUCTURAL DEPRESSION...
THE DEPRESSION IS CAUSED BY A LACK OF MAJOR POLICIES IN KEY AREAS...
NO INDUSTRIAL POLICY
NO HEALTH CARE POLICY
A BLIND RELIANCE ON FREE MARKETS AND FREE TRADE....
FREE MARKETS, GLOBALISM AND FREE TRADE ARE NEVER QUESTIONED...EVEN THOUGH TO ANY OUTSIDE OBSERVER THEY ARE TRASHING THE AMERICAN ECONOMY IN EVERY POSSIBLE WAY...
BUT WHY THE BLIND ACCEPTANCE OF THESE BAD POLICIES...
PRIMARILY BECAUSE "THE RICH" AND WALL STREET INSIST ON IT... WALL STREET AND INTERNATIONAL CAPITAL DOES NOT WANT ANY RESTRICTIONS ON THEIR ABILITY TO MAKE MONEY...WHETHER THROUGH SALES ....OR BY SIMPLY LOOTING THE ECONOMY TO THE BONE...
WHEN THE EASY MONEY IS MADE...WALL STREET AND INTERNATIONAL CAPITAL RESORTED TO LOOTING...
THE LOOTING CYCLE HAS ENDED...THE US ECONOMY IS A MACROECONOMIC BASKET CASE...IT IS REALLY AN ECONOMIC ZOMBIE...
AND INTO THIS COMES OBAMA...WITH REPUBLICAN BACKING...AND THE SAME OLD "SOLUTIONS" THAT SIMPLY WILL NOT WORK...AND ARE NOT WORKING...BECAUSE THEY CAN NOT WORK IN THIS TOXIC ENVIRONMENT...
FOR EXAMPLE...IS THE CURE FOR HYPER-LIQUIDITY...MORE LIQUIDITY...? OF COURSE NOT... BUT DON'T TELL THAT TO ANYONE IN POWER...
THEY ARE FLYING BLIND...
OBAMA IS DOOMED TO FAIL MISERABLE...
MY HUNCH IS THAT BY 2012 AMERICANS WILL BE DEMANDING A THIRD PARTY CANDIDATE...THAT IS WILLING TO GO "OUTSIDE THE BOX" TO SOLVE AMERICA'S STRUCTURAL PROBLEMS OF LACK OF PRODUCTION...AND LACK OF HEALTH CARE...AND DECADES OF HYPER-LIQUIDITY....
THE REAL DEBATE NOW IS DO WE GO HYPER-INFLATIONARY OR HYPER-DEFLATIONARY...
GOLD IS THE KEY HERE... IF THE GOLD BASHING CONTINUES...WE STAY DEFLATIONARY...IF THE FED AND WASHINGTON LOSE CONTROL OF GOLD...WE COULD GO HYPER-INFLATIONARY VERY VERY FAST...AS LAST SOME SHOWED...
INDEED THE SUMMER OF 08...COULD BE A SMALL PREVIEW OF THINGS TO COME...
