ALMOST NOTHING CAN BE SAVED FROM THE "OLD SYSTEM"...
EVERYONE KNOWS THAT THE BANKS ARE BANKRUPT...THEY WERE LEVERAGED 30 TIMES...ON THE BUBBLE VALUE OF ASSETS THAT ARE NOW NEARLY WORTHLESS...
LETS JUST SAY THEY ARE BANKRUPT TIMES THIRTY!!
OBAMA HAS THE OPPORTUNITY TO ESTABLISH A "NEW SYSTEM" FROM SCRATCH...
THE OPPORTUNITY WILL NOT LAST LONG...
OBAMA SHOULD TELL THE PUBLIC STRAIGHTAWAY...THAT THE SYSTEM CAN NOT BE SAVED.
AND THAT SOMETHING NEW AND MORE SUSTAINABLE IS COMING...
THE OLD SYSTEM COULD HAVE BEEN SAVED IF POLICIES HAD BEEN FOLLOWED AS OUTLINED ON THIS PAGE...OVER THE MANY YEARS OF ASSET BUBBLES...
BUT IT'S TOO LATE NOW...
AS WAS EXPECTED THE OLD SYSTEM...DROVE ON UNTIL IT HIT THE WALL...A TOTAL SMASH UP!
OBAMA NEEDS TO BRING THE US ECONOMY INTO A SUSTAINABLE MACROECONOMIC STATE...
ESSENTIALLY...OBAMA SHOULD CONSIDER ALL THINGS ABOUT THE US ECONOMY..."AS IF" IT WERE THE ECONOMY OF AN EASTERN EUROPEAN NATION...LIKE UKRAINE...
WHY?
AMERICAN EXCEPTIONALISM IS OVER... AND THE ONLY HOPE FOR OBAMA IS TO CONSIDER AMERICAN EXCEPTIONALISM AS AN OBSOLETE DOCTRINE...
A RELIC OF BRETTON WOODS... AND THE PAST CENTURY... AN HISTORIC ANOMALY THAT WAS NICE WHILE IT LASTED ...BUT IT'S OVER NOW...
