Monday, April 27, 2009

KRUGMAN SEES NO END TO AMERICAN GREED MACHINE.

THE PERCENTAGE CHANCE OF AVOIDING A GREAT DEPRESSION WORSE THAN THE 1930'S IS ALMOST ZERO...

THE US ECONOMY IS STILL STRUCTURALLY VERY, VERY SICK...

THERE IS LITTLE OR NO HOPE FOR THE US ECONOMY NOW ... WHY?

WASHINGTON AND WALL STREET AREN'T EVEN ASKING THE RIGHT QUESTIONS YET!!

WORSE...THEIR "GOAL" IS MERELY A RETURN TO THE FALSE "STABILITY" OF THE PRE-CRISIS SITUATION...TO "RESTORE" THE OLD SYSTEM...!!

BUT NOTE WELL: THE PRE-CRISIS STATE WAS TOXIC IN THE EXTREME...!!

YET THEIS GOAL IS TO GO BACK TO THE TOXIC STATE...AT HUGE EXPENSE...THAT "GOLDEN AGE OF BANKING AND FINANCE!"...

THEN, AND ONLY THEN, FIGURE OUT WHAT TO DO NEXT...TO RESTORE STABILITY!

IN OTHER WORDS...RESTORE THE RICH...RESTORE THE WALL STREET BONUS SYSTEM...RESTORE THE PONZI SCHEME BANKING SYSTEM...

AND THEN WE'LL TALK ABOUT ESTABLISHING A VIABLE AND SUSTAINABLE SYSTEM!

WHAT'S WRONG WITH THAT PICTURE...?

WELL...READ THE DAILY DATA POINTS...READ WHAT PASSES FOR "THE NEWS"...IN AN ECONOMIC SYSTEM THAT IS STILL CORRUPT TO IT'S VERY CORE...

AND NOW COMES....THIS NEW DEADLY FLU PANDEMIC...!!

GOD'S WRATH INDEED...!!