I've been warning for years now that the U.S. economy is on the verge of a major recession, and that the longer we continue without seeing a correction, the worse it will be. I've been saying this since about the time it became clear that our recovery from the recession caused by the 2001 stock market correction [and the malaise experienced in the immediate aftermath of the 9/11 attacks] would be led by an inflation of housing asset prices and a continuation of the egregiously irresponsible "twin" deficits, i.e. the U.S. government budget deficit and the U.S. trade deficit. This, it seemed to me, was the inevitable outcome of American imperial overreach in its so-called Global War On Terror long after the end of the Cold War.and it of course cites economists who have graphs and numbers and stuff. But not one reference to the Argument From Intelligent Design.
[ cf s9: Economic Doom ]
Ok, I do have to give them props for the closing line
It's often said: When you owe the bank ten thousand dollars and you can't pay, it's a big problem for you; when you owe the bank ten million dollars and you can't pay, it's a big problem for the bank.As that almost starts to approximate the real issues.
Alas, when you owe the bank ten trillion dollars and you can't pay, it's a big problem for everybody.
( op cit )
We as americans have Nuclear Weapons, because Jesus Loves Us.
Hence if we have to pre-emptively retaliate nuclearly against enemies of the state, well Jesus would understand and would forgive all involved, since it would be like saving Vietnam by staying rather than running away as Richard Nixon Did. And if there is anything americans have been learning the last few years it is that staying the course is more important than actually having a course....
The tragedy will be watching americans have to work out what comes next in the post Imperial Phase.
So yes, it has been with some fun that I have been advocating the privatization of Zombie Hunting, so as to offer americans their thin veneer of merely 'business as usual' - but what is really going to happen in america when they wake up and can no longer afford to be making the pays offs that have kept the cutlture of payola the working solution. What will really happen when folks no longer want to take the risk of being the illegal immigrants in America.... When the Americans can no longer afford the sort of life built on illegal immigrants?
Will we really be able to make those bigger bucks from Zombie Hunting???
Or worse yet, what happens if folks overseas are no longer willing to take federation credits???