HOW GOOD WILL THINGS GET IN 2009

[pktruckdriver]

I was wondering what is about to happen now that the holidays are over and things will get back to normal, or at least the problems before will now surface again.

Foreclosures

Unemployment rises , Record rises


Bank failures

Corporations failures

Market fluctuations

Lets take A poll and see what you think is going to happen?

[jballscalls]

I know personally, 2009 will be my greatest year, i'm so happy its here!

[HUSKER55]

There is going to be confusion up the yiggy. Learn how to profit from it.


2009 has more potential than most people think.

[Marshall Bennett]

So many factors weigh in to what 2009 holds , I'm not going to begin to predict what happens . I only wish the best for everyone . I beleive we should give this new president a chance , whether you like him or not , and hope our armed forces are up to any challenge that faces them . As long as we maintain our freedom , we can overcome .

[LottaKash]

Everything is Wonderful..........:jump: :jump: :jump: :jump:

best,

[Nmytwenties]

If things do get worse in 2009 I am not sure if that can be viewed as a bad thing. The state of affairs in America and the West are terminally broken and need a total and fundemental restructuring which will only happen when the population recognizes that the current establishment must go.

The country has fallen into moral,physical,and spiritual (not refering necessarily to religion when I say that) disrepair primarily because of apathy on the part of the citizenry. The bread and circuses have been plentiful up until about 2 or 3 years ago. The population has tolerated and/or ignored all kinds of governmental corruption, moral corruption by the media and other assorted degenerate groups because they felt it was easier and safer to go along with things. The only way the lemmings will pay attention to something other than the TV is to empty their refrigerators and force them to recognize the important things.

I don't believe in saving what this country has become. I say let all the aliens,invaders and traitors have it, they have transformed it into something that the great great great grandchildren of the founders would rather die than being forced to dwell within with any bit of hopeful enthusiasum. The fact that patriots must grasp is that this country is dead, the "face of America" has been perverted into something that is simply nothing even remotely close to what the founders intended. What patriots must focus on is the concept of establishing a new nation somewhere here on this continent. There is no need to overthrow by force the current regime running the country, their failed policies and terminal corruption will do that work for us. Energy must be put toward establishing the foundation for a new order when the old sees its end.

Even if 2009 sees a bit of a economic recovery it will not erase the fact that the country's days are numbered. The root of the decline has little to do with economics, that is just a symptom of the overall problem. At present the people in this country are frightened to even discuss the real issues at the root of the country's decline and thus this will prove to be America's undoing. America and the West is being lost not on the field of battle but sadly because people are afraid of being called names.

[RichieP]

If things do get worse in 2009 I am not sure if that can be viewed as a bad thing. The state of affairs in America and the West are terminally broken and need a total and fundamental restructuring which will only happen when the population recognizes that the current establishment must go.

The country has fallen into moral,physical,and spiritual (not refering necessarily to religion when I say that) disrepair primarily because of apathy on the part of the citizenry.

My opinion is you are wise beyond your years young man.

It's not about Dems/Repubs or Red/Blue is it?? Ever stop and think WHO benefits when the "conscience" of the American people is bombarded with this "us or them" mentality? Capitalism run amuck

Implosion.

[JustRalph]

If things do get worse in 2009 I am not sure if that can be viewed as a bad thing. The state of affairs in America and the West are terminally broken and need a total and fundemental restructuring which will only happen when the population recognizes that the current establishment must go.

The country has fallen into moral,physical,and spiritual (not refering necessarily to religion when I say that) disrepair primarily because of apathy on the part of the citizenry. The bread and circuses have been plentiful up until about 2 or 3 years ago. The population has tolerated and/or ignored all kinds of governmental corruption, moral corruption by the media and other assorted degenerate groups because they felt it was easier and safer to go along with things. The only way the lemmings will pay attention to something other than the TV is to empty their refrigerators and force them to recognize the important things.

I don't believe in saving what this country has become. I say let all the aliens,invaders and traitors have it, they have transformed it into something that the great great great grandchildren of the founders would rather die than being forced to dwell within with any bit of hopeful enthusiasum. The fact that patriots must grasp is that this country is dead, the "face of America" has been perverted into something that is simply nothing even remotely close to what the founders intended. What patriots must focus on is the concept of establishing a new nation somewhere here on this continent. There is no need to overthrow by force the current regime running the country, their failed policies and terminal corruption will do that work for us. Energy must be put toward establishing the foundation for a new order when the old sees its end.

Even if 2009 sees a bit of a economic recovery it will not erase the fact that the country's days are numbered. The root of the decline has little to do with economics, that is just a symptom of the overall problem. At present the people in this country are frightened to even discuss the real issues at the root of the country's decline and thus this will prove to be America's undoing. America and the West is being lost not on the field of battle but sadly because people are afraid of being called names.

Wow! That's a serious load of cynicism you dumped there. It's running all over my monitor. I can't get it off....... :lol:

No wonder a broken furnace at River Downs put you over the edge. You have got to be kidding right? You haven't lived long enough to be this cynical and withdrawn.

I actually don't disagree with what you are saying. But the fact that you bemoan a country "not worth saving" and you call for establishing a new country on this continent, more like the founders intended is a little much isn't it. Interesting concept except there is no place to put it. Face it, this is it. If you want to change the country, it will have to be done from the inside. There is precedent. You ever heard of the late 20's and the entire decade of the thirties? People like Al Capone and Bonnie and Clyde, Pretty Boy Floyd, Dillinger? All but Capone died at the hands of the law within a few months of each other in 1934. Capone was imprisoned a few years earlier.

This was a time when the country was undergoing a massive moral change, and the hardest economic times ever experienced by Americans. The history suggests a scenario not unlike what you predict. But unlike your prediction, the country recovered. The characters I mentioned above were considered hero types on many levels. Bonnie and Clyde were celebrities to the tune of making magazine covers and being tracked nightly via radio. Families gathered to hear updates in their living rooms. Floyd and Dillinger were considered Robin Hood types. Things changed when they pushed too far. When they killed the wrong person, or injured someone that made them look more like what they really were. Crooks and Murdering thugs.

If you look hard enough at our society and our so called "pop culture" you can find similar individuals who hurt our country and our way of life. They may or may not get their comeuppance in this generation, but eventually they will. Eventually our country will roll over and change. It took a Depression and Pearl Harbor to bring us together and repair our country. But for 20 or 30 years we went down a road very similar to what we are on now. The Government of the 20's and 30's made similar mistakes as the one we suffer under now. As we attempt to bailout the country you can find similarities to FDR. Prohibition was another failure of Government that did nothing but empower the gangsters......... similar to our little War on Drugs.

In hindsight economists have declared that FDR's programs only extended the bad economy, prohibition was finally repealed allowing the State to turn Alcohol into a tax to the Government. Think about what Bill Clinton did to cigarettes? Very similar. It's all the same shit. The same mistakes. The same motivation. As you age you will find that your life will run in cycles. So does society and government. Oh yeah, there will always be individuals standing on the sideline bemoaning the downfall. Like the beatniks of the sixties found out, commentary gets nothing done really. Poems in coffee houses and sit-ins have been replaced by Blogs and forums like this. After all, why go to the track when you can play from home?

[raybo]

I was wondering what is about to happen now that the holidays are over and things will get back to normal, or at least the problems before will now surface again.

Foreclosures

Unemployment rises , Record rises


Bank failures

Corporations failures

Market fluctuations

Lets take A poll and see what you think is going to happen?

I think that just looking at the year, 2009, is not long ranged enough. We will see, farther in the future, what the results of the past several months will yield. There has been a shift in the landscape. Record numbers of voters expressed a disdain for past goings on, politically, economically, socially, etc..

They expressed their disdain with votes for change in the landscape. Whether or not 2009 represents, fully, the results of that landscape change is doubtful. But, the beginning of the shift has begun.

Only time will tell if future generations continue that shift.

[raybo]

I think another category should have been included in the poll: "Not sure, but I tend to be optimistic"

[PaceAdvantage]

I know some will find this surprising, but I voted for choice #2.

[Nmytwenties]

To JustRalph-

You are completly missing the keys to America's decline in your response. You can call my comments cynical if you want but they might need to be more so as you still really don't seem to get it, much like most of the population.

Not sure how personally you should take this post as I don't know you after all, I just don't know where and how you stand on cetain issues and events. So I am making comments based on some vibes I got from that post, you won't be offended if I am not indeed right on target with my vibes. That indeed is the bad thing about blogs and boards, people are quick to assume the character and nature and views of a person based on a few comments. The public forum is prefered by those who are most forthright though I will say that the people frequenting the coffee houses and sit-ins before my time were not exactly, how do I say, a genuine reflection of America's ideals and founding fathers.

I have done extensive research on historical matters despite my age thank you, and while I am one that respects my elders, I am not willing to follow ideas and policies that have for the last 70 years been destroying the West.

The core concepts of the Western world were radically changed after the World War 2. They were changed slowly and for the most part inperceptively by a small group of people. Since then the main builders of modern civilization have been apologizing, submitting, and giving away everything that their ancestors established.

Your stuck on "the economy" and events in American history that took place in the early 20th century.

Important question, do you not recognize that conditions here and in the West are radically different now in almost every measurable way???? Is not this "America" radicially different when one steps out their door than when it was in the 20's and 30's??

Past cycles are null and void when you consider the important things. Can you find a time in history when one entity had more power on almost the entire population than the modern media establishment now has, it just wasn't present with even the most powerful popes and kings of old. And the media is controlled by people who hate the history,folkways,morals,values, etc, of those who created and who maintain to this day modern civilization.

I am proud and very happy to be where I am in terms of political thought when considering my age. Most people who are where I am at,which admittedly are few, spend their lives seeing things and acting in a manner that I would label as a "responsible conservative".

The responsible conservative thinks that we can vote ourselves out of this mess. They think we only need a few reforms here and a few law changes there and we will be soon on our way to recovery. There inability to MAKE DIFFICULT AND UNPLEASENT DECISIONS is really is what is at the root of not finding the guts to deal with the issues at hand such as the immigration problem in all Western nations. The inability to make difficult decisions so to avoid bigger problems later on is the salient symptom of the liberal diesese and it is indeed present with many who call themselves a conservative.

The responsible consevative likes to discuss the symptoms of the problem but not the people who are at the root of the problem. Most of these responsible conservatives, these John Birchers types, KNOW what is what but they are cowards, they fear stupid ass smear words and are letting their country be overrun and commandered while they stand around throwing their hands up in the air.

The fact is that most people in this country have a little bit of a clue when it comes to just who is running this country and the world into the ground. I try to explain this to people that insist on spending money and time trying to INFORM people of who controls the media, who controls our foriegn policy, who manipulated the communist movement and all of its sub-movements that are known by other terms that are universally celebrated by "all right thinking citizens" and who now is at the head of this society which is built largely on communist ideals (political correctness was a pillar of communism). The sad fact is that most people have a good idea, they might not know the details but they know who is to blame.

It is cowardice that prevents these people from expressing their feelings. I will admit that the establishment and media has made it very risky and scary for some to stand up but this is no excuse when you see things continue to get worse.

This is where my hypothisis that worsening economic conditions will bring the revolutionary change that is needed. Revolution is needed. This doesn't necessarily mean that a violent reaction is needed, certainly not now. I do however believe that ultimatly the violence will come. People around the world are even more aware than those in the US and not as restrained by the chains of political correctness and its inherient cowardice.

You see this in the widespread support and political gains of select political parties in Europe. These parties, which must amend there platform so not to break the Orwellian laws they have in place in many of those countries, have a growing measure of support among the real citizens of those nations. The spirit of this support is what will bring the West salvation and not the half truths being told by these political parties. It is the spirit and very foundation of just what a nation is, a common folk, a common heritage, a common history and set of values. An establishment of a nation or nations that once again don't heap hate,guilt, and discrimination upon those who are in the majority and who built the very civilization that all others want to invade will be one that will be truly great and worthy of my and other people of honor dying in its defense.

Many people have suggested that the United States will soon balkanize and I am not inclined to disagree. Perhaps then the core concepts of what a nation actually is can be discovered once again. I can tell you one thing for sure, those who believe that citizenship to a nation is as simple as being born within its borders and/or being granted a piece of paper after a given number of superficial requirements are achieved are welcome to stay on this sinking ship, have at it, others have chosen not to.

Now for the unimportant stuff...

My choosing not to participate in the sport anymore was not based solely on "a broken furnace". I won't comment on the fact that running a proper business requires things like matienence and things are constantly breaking down there (escalators,etc). It was also quite amazing that they were able to fix a problem of this magnitude over a period of 3 days when two of those days were Christmas Eve and Christmas Day. The people who fix heating systems usually mail those days in too, I don't know maybe they waved a magic wand and, walla, it turned back on for the day after Christmas.

I am way past that anyway and don't wish to dwell on it and everyone thought I was an idiot anyway. I can't help to chuckle though as I have read several posts on hear since complaining about this and that including the almighty ADW's not paying people on time. Much like the country overall, if you tolerate unacceptable conditions things will continue as they are.

I might be young and stupid or whatever you want to think but I don't see anything more stupid or infantile than doing the same thing over an over and expecting different results. This goes for voting and expecting change in the current political enviornment as well as expecting any change in the way the racing industry is run as long as you keep putting money in their pockets.

An overall observation of the industry and experiancing several unsatisfactory factors showed me that overall most people running the sport seem not to give a damn about the customer is what made it easy to quit the hobby. I would not say that dropping the game was a sign of me "going over the edge". The sport, while it was very enjoyable for me and something I have missed quite a bit, is an entertainment industry. It's not a grocery store or a government agency (the DMV,etc) where the customer service is not much to be expected as the public must resolve to deal with it for sake of necessity. Casinos,night clubs,theme parks,etc, are in the same category as horse racing as it is an entertainment venue, one that must show some semblence of eagerness to please the customer. I am glad I found out what they think of the customer before considering a ADW alternative, my time, efforts and money can and will be spent better elsewhere and I would rather flush it down the toliet than placate myself by avoiding the crappy customer service at the tracks and betting online. Newsflash, the track owners still get paid when you bet ADW and they don't have to even give you a place to sit, I am not sure how people get past that fact if they are in the camp that thinks things are being run improperly.

I have a measure of respect for those who enjoy the game enough to deal with it, I guess I just liked the game and you love it and I say more power to you, the people running the industry should be very grateful and SHOULD do things differently for your sake alone. But I have no sympathy for people who complain and then continue to participate. I really miss the sport, the challenge, the small bit of extra money I earned, but I have the peace of mind that comes with not being merely a talker, I say what I mean and I mean what I say.

[JustRalph]

I never said you were young and stupid. I just said you were young. Again, we don't disagree on much. Your bringing up "real revolution" with the violence necessary to make a change etc has been spoken about for years and years. Never, won't happen. Americans don't have the guts for it.

Example, Look at the LA riots. The rioting class ended up being portrayed as victims and the Korean store owners who protected their property with firearms were considered criminals. Some were even prosecuted. 90% of the rioting class got off without prosecution. Just being morally right doesn't cut it anymore. You must be on the correct political side, have the correct skin color and fit the mold of the victim retaliating for oppression. That is the only way you are allowed to hold a revolution or riot. The same scenario applies in France and Britain where only Muslims are allowed to riot under the banner of victimization and revolution. Then they get their asses kissed by the government. A real revolution would require white guys with guns to overhaul the Government. White guys don't qualify. It would never happen. The press wouldn't allow it. There would be executions. The only necks being stretched would be White guys who dared step out and defy the press and the government. Remember, you can't be a revolutionary unless you are a victim. Korean store owners couldn't establish a victim hood. They were portrayed as part of the establishment. They were business owners. There are other examples. But revolution is no longer on the table in the U.S. No guts no glory. We aren't made up the same way. Not enough motivation. I wouldn't mind a little revolution. I think I am prepared to survive it. You won't see it in your lifetime. Not without some cataclysmic event.

My comparing the 20's and 30's to what we are going through now, fits I think. We can disagree on that. My comparing your comments to those of a beatnik or counter-culture type from the sixties was just a comment on the method of your comments and how there will always be those who see it, comment on it, but nothing changes. That's all. You obviously aren't stupid. But in 20 years you might see it differently. It may all be a re-run. As I said things occur in cycles.

Just one more observation. The one thing I never knew or anticipated is that I really wouldn't give a shit about much by the time I reached the ripe old age of 50. I am close to 50 now and I care less and less each day. I really don't give a shit. I am a news junkie...... love to banter the issues of the day....... etc...... but in the long run........ I don't give a damn most of the time. I care about my immediate family (no kids, just a wife) and a brother, a few select friends, but nobody ever told me I wouldn't care. Kind of surprises me actually. Apparently you have already reached that point. At least partly. At least that is what I get from the tone of your comments. You must be just maturing faster than most. Good for you. Then again, it is the Internet. You could be a 65 year old women in a trailer outside of East Mud Holler West Virginia posting via a satellite feed and I wouldn't know the difference.

[wonatthewire1]

I know some will find this surprising, but I voted for choice #2.

I went with choice #1

I can't believe that Prez Bush has set up oboomboom with all the tools to have everything turn around

Prez Bush will get none of the glory - oboomboom will grab it all

[Nmytwenties]

Hey Ralph-

You weren't offended and that means I can tell your pretty much on the right wavelength as I. I appreciate you not being quick to get huffy puffy as I recognize some of my comments could have been taken as a personal attack and they surely were not. I have alot of respect for people in their late fifties and early sixties and older because many have lived in a healthier time and am dismayed that many of these people are dying off. What is the world left with afterward but the brainwashed generations "educated" in the institutions formerly known as universities and colleges.

Folks my age have never lived a day in a healthy Western society but I am willing to die to assure future generations that they will not endure the hell that is to come.

It is disheartening but understandable to hear that you have given up to an extent, though I would wonder if you have considered certain aspects of the situation.

Your comments on the racial double standard are 100% valid and correct. Only slaves would except this though without considering methods on which this may be changed. Sounds to me like you see the situtation quite well.

Yes the press holds much power and manipulates peoples thoughts but it isn't a total lost cause. The Internet has broken the vice grip that the media masters once had and though many still dance to whatever tune the media bosses are playing, many, including I, have benefited greatly from having this source available to learn. This is why they want to censor sites they label as "dangerous" and "extremist" because they know people are finding the truth and they are trying to organize.

As long as this medium is available then there is plenty of hope. If the censorship tactics of the enemy prove increasingly effective then perhaps unconventional tactics may have to be considered. As a patriot do you let a media run by aliens lie to your people without a refuge (the Internet) or do you then, once censored out of existance, do you not then target the media directly??? I am not inclined to sit by meekly and let the bastards get away with outrage after outrage without putting up a defense of some sort. they will decide how conventional that will be for patriots, if you take the 1st Amendment away, then all bets are off and the gloves come off so to speak.

This country can't afford for people like yourself to just give up, its not honorable. Not to say your dishonorable for being discouraged,I think you just need to consider a change of tactics so to speak, one can never reach the river without first following the creek.

It is not necessary to go out and start shooting now in order to sow the seeds or revolution. In fact it is totally foolhearty to even consider or talk about this at this stage, the government is just too powerful in comparison to the relatively small amount ofpower the perceptive minority has at its hands at this time.

Single individuals can do very little on their own I agree. But there is something that all of us can do on our own and it is very impowerering I can tell you. Go to a meeting or a speech one of these anti-American groups are making. It doesn't even have to be an event, it might just be a by chance situation. The next time you feel cornered by an individual to be politically correct in the face of a glaring double standard type situation just stand up for your beliefs without apology or conditions.

The mothers of the "Jena Six" made a visit to a local college here last year and I decided to drop by for the occasion. I was able to make my opinions known on the issue, the opinions of many who remain silent on issues like this, which were basically to tell them that the only injustice here was that we have a criminal media run by anti-American anti-Western forces that were claiming that their criminal offspring were somehow innocent of any wrongdoing in that matter because of the "evil racists" down there in Lousiana.

I will tell you out of personal experiance, when you stand up to these people they are proven to be COMPELTLY DEFENSELESS. The anti-American forces that have destoyed America have done what they have done through "fear of the smear", I am not telling you anything you don't already know. I am telling you, they are totally not equipted and not used to people who stand up for their rights and the rights of the majority. One reason is because they often have very little truth or facts to go on, they rule with policies and ideas that are patently false and/or have negative results for the majority for the most part. All they can do is repeat the same names over and over again and people are getting tired of that. People just aren't going to react to these words as much anymore especially after Obama was elected and that may be a silver lining to his being elected. The media might have killed their golden goose so to speak.

The majority must also recognize that blacks have done little on their own to cause the upheaval that has occured in this country and other Western nations. They have been manipulated by the same people who have manipulated the majority and unless both groups wake up and recognize what is best for them then this other group will continue to laugh at and reign over us all.

The reason you must not lose hope in a revoulution and a revival of the Western spirit is because once the WILL of the majority in Western nations is restored then the guilty,aliens and traitors alike, will be finished. Come on now European man has run circles around the world when he has had the WILL to do so. Your could compare it to Secretariat in the Belmont I suppose. It won't take 60 to 70 years to bring down the alien-led order, though it will take time to establish the new society, that will take quite a while. But we can regain our freedom and self determination in a much quicker time frame.

This won't be easy of course,nothing worth fighting for rarely is, and yes things will certainly descend quite further down the drain before things look up again, and again I am not talking about superficial things like the economy,etc. But once the majority here becomes a minority and sees treatment much like that of the former ruling minority in Zimbabwe and South Africa is experiancing now days (don't hear much about that from the media the way you did decades back because they dont want to clue people in on what is in store for the majority here) I think they will be FORCED to rebel and fight for their existance. I don't think it has to come to that, though it might, but it will be a certainty if people like you, who are at least not afraid to idenify themselves as a white guy, give up all hope for a better future.

One comment on the beatnik, counter culture types and "their" revoulution. You may already be aware of this but that wasn't even "theirs". That didn't happen by accident either, I would assume you are aware of this. That was a movement manipulated behind the scenes by real revoulutionaries. Were any of the scumbags put on trial for the unrest during the Chicago riots during the Dem National Convention in their teens or twenties?? Hell no the oldest was in his late twenties and most were in their 40's

They followed pretty much the same plan that had worked for their group in Russia during the Red revolution as well as beforehand in France and other places in Europe. Destroy the old orders beliefs and values with the promotion of permissiveness and youthful rebellion, divide and conquer by turning the citizenry against itself (feminism being one example), and finally the agitation of minority groups.

Anyway my main point to you is that you just can't give up. This country is not lost, all that must be infused is some real anger toward our enemies and not toward the people our eneimies tell us are our enemies. Does that make any sense?? Probably not. The fact is the West has been fighting this group of people's enemies for 70 years.

All I know is that if the people saw clearly just what is what then they would indeed rebel, and they would rebel against a group of people who you would be convinced would never be rebelled against at this current time. When the people see clearly how much hardship, pain and sufferiing this group has caused much of the world, not just the West, when they see the hatred this group has for all of mankind, then all the people of the world will forget all of the movies and documentaries that have told them to feel nothing but sorrow for this group and they will act in a decisive manner.

My friend if your a true believer in cycles, well, I assure you there is hope. The forces destoying the West have been directly opposed in the past and nations in the past have seen a resurgence follow, once they were forced to recognize the root of the trouble. It will happen here to, I will bet my life on that.

Hasten the day.

[ddog]

I know some will find this surprising, but I voted for choice #2.


I would have been very surprised if you had picked any other.
Now that bama is in , before long I will have to be convincing you we ARE NOT in a depression!!!!!

:lol:

[ddog]

Here it comes!

I was extremely skeptical when Walker went off and made his IOUSA movie.

Today, I have made my call: EPIC FAIL.

Here's an article in National Review Online that illustrates why:

"Walker, who currently works on these issues as the president of the Peter G. Peterson Foundation, says, "Deficits and debt levels are going to go up significantly in the short term, and there’s no way of avoiding that, so we’re not saying there shouldn’t be a stimulus. We’re saying that for the nation’s long-term fiscal health, we need to start treating the disease and not just the symptoms. The discussion should focus not just on how to revive the current economy, but on how to put our economy on a more sustainable path for the future."

FAIL, period.

There is a way of avoiding that. It is to, once again:

•JAIL the fraudsters, including those in Congress, Treasury and on Wall Street. Bluntly - if we can find a predicate felony to nail you with in this mess, off you go.
•REMOVE all of the overseers. This includes The Fed. Set up a new agency that is charged with enforcing all of the laws related to the financial system including The Federal Reserve Act, and empower them with subpoenas. Direct that they must act and operate "in the sunshine", with everything published on The Web. You do an evil thing, the public sees it. They try to hide it, the public sees it.
•DEFAULT all the bad debt. Yes, this "booms" a lot of banks. Tough.
•SET UP new banks. Take the remaining $350 billion and capitalize ten banks with $35 billion each. IPO them to the public. By law no officer, current or former, of an existing public bank may serve on these firm's boards. Now we've got the means to replace the credit creation the boomed banks can't do any more.
This clears the system and requires no stimulus spending.

Yes, it results in plenty of pain and bankruptcies. Those are coming whether we like it or not. We can either choose to take a small amount of pain now or a huge amount of it in the VERY near future.

There is no solution to this problem that does not involve clearing the excess debt from the system.

Walker is right in that we must fix entitlements. Where he's wrong is that he, like all of the other pigmen, refuses to admit in public that the math is clear - we cannot recover in the economy until the debt to GDP ratio is reduced, and there is only ONE way to make that happen as we have reached the point where the exponentially-increasing debt load is constraining GDP faster than we can grow it through technology and other productivity improvements. This process can ONLY be halted by defaulting the excessive debt.

http://market-ticker.denninger.net/



Sadly, we don't have the balls for it.
Too bad US.

[jballscalls]

wow, lot of doom and gloom votes on this poll. For everyone's sake, i hope they are wrong.

[raybo]

wow, lot of doom and gloom votes on this poll. For everyone's sake, i hope they are wrong.


Dang, you don't dare say anything positive here about the President elect or his cabinet. You'll have 40 people hollering at you, calling you a flaming liberal, a communist, a bum looking for a handout, and an idiot. They're more depressing than the economy.

[Powder River Gin]

http://www.anorak.co.uk/media/199510.html

2009 - That Was The Year That Was: Anorak’s diary for the upcoming 12 months…

JANUARY

Barack Obama makes history as the first African-American sworn in as President of the United States; Invoking legacy of Franklin Roosevelt, promises America “nine years of economic depression, four years of world war, eventual nuking of Japan”

Obama supporters left disappointed as oceans remain at static levels, planet fails to heal self, Dow drops below zero

FEBRUARY

Winless Detroit Lions score an upset victory in NFL Super Bowl thanks to secret clause in U.S. auto industry bailout plan; jubilant Detroit fans go on celebratory 5-day citywide arson rampage, resulting in almost $12 in property damage

Big surprise at the Oscars as Heath Ledger returns from grave to accept Oscar for “Joker” role in Dark Knight, orders clown-masked henchmen to open fire on Hollywood A-listers; “The ultimate method actor,” gushes mortally wounded Sean Penn

MARCH

Controversy erupts over new David Beckham ad for Calvin Klein underwear after embarrassed football star admits “accidentally” stuffing briefs with a potato; “I didn’t know it was supposed to go in the front,” says Becks

Stocks cautiously rebound on strong earning reports from Sterno, GunMart, American Hobo Supply

APRIL

World Earth Day celebrations in Canada and Scandinavia cancelled by unseasonably cool weather, advancing glaciers; “Damn you, global warming,” says beloved scientist Al Gore

British PM Gordon Brown appoints new Muslim Anti-Terrorist Advisory Panel; names Russell Brand, Pete Doherty, Amy Winehouse to new National Sobriety Task Force

MAY

First carbon-neutral Indianapolis 500 nearly canceled by unseasonably cool temperatures; winner Todd Palin coasts to victory despite husky blowout on final turn

Mideast unrest erupts; Experts cite “completely ****ed up religious shitheads who really, really need to get laid”

JUNE

US currency printing presses unable to keep pace with bailout demands, Chinese green ink embargo; Obama encourages Americans to print off dollars on home computers; “We are the bailout we’ve been waiting for,” says Prez

Muslim Council of Britain rejects PM Brown’s offer for new UK Islamic banking, divorce, alcohol laws; “you didn’t say pretty-please,” says miffed Imam

JULY

Independence Day celebrations in US muted by economy, new assault fireworks ban, advancing glaciers; Al Gore announces ban on speaking aloud words “global warming”; “We must not proke the Unspoken One further,” say US climate czar

New Anglican row as Archbishop of Canterbury offers to personally fellate “every able bodied Muslim man in Britain”; “Not just for the personal pleasure, but for the future of our culture,” says Williams

AUGUST

In televised address Obama blames sluggish US economy on “too many Wall Street fat cats”; in kitchen sequence with new Cooking Czar Jamie Oliver, shows how surplus fat cats can be skinned, filleted, and fried in light olive oil

New swimsuit modesty trend seen on Mediterranean beaches; fashion experts cite influence of new French Muslim overlords, advancing glaciers

SEPTEMBER

Hollywood reports another disappointing box office summer despite dozens of new critically acclaimed anti-Bush movies; big winner is escapist teen fantasy “High School Musical III: Senior Class Survival”

Glacier attacks, subsumes Al Gore at International Conference to Stop He Who Must Not Be Named; “I’ll be back,” vows Nobelist slowly sinking into ice

OCTOBER

U.S. Government officially bankrupt after gambling $15 trillion on Chicago Cubs to win baseball World Series; “after 100 years it seemed like they were finally due,” shrugs Obama

Chinese foreclose, U.S. Government moves to strip mall in Glendale, Arizona; evicted after numerous complaints of noise, smell, blocking the entrance to Safeway

NOVEMBER

Apple CEO Steve Jobs introduces stunning new edible iPhone at MacWorld to boffo reviews; “perfectly timed for the mass starvation consumer market,” raves ScavengingForEdibles.com

In response to national firewood and ignitable peat crisis, Obama offers American families 20 pounds of free paper recycled from government global warming studies; “please remember to wear your sweater if you haven’t already eaten it,” urges president

DECEMBER

UK Prime Imam Khalid Ahmed Abdulrahman unveils new environmental recycling program; “Britain is going green — Soylent Green,” says proud PI

Consumers buoyed by news of reappearance of wooly mammoth in Alaska; Sarah Palin wins landslide special election as “She-Ra, Bringer of Meat”

Ends - literally…

[jballscalls]

Dang, you don't dare say anything positive here about the President elect or his cabinet. You'll have 40 people hollering at you, calling you a flaming liberal, a communist, a bum looking for a handout, and an idiot. They're more depressing than the economy.

I agree with your post, and i hope i will get to say lots of great things about Obama, but i'm going to wait to comment on him until he actually GETS INTO OFFICE!