We are in the early days of the greatest economic crisis history has recorded up to this point. The Great Depression of the 1930’s is currently acknowledged as the standard by which all other economic calamities are judged. That honor will soon belong to the time period we are now entering.
The stupidity that has guided economics for the last few decades will eventually have to be acknowledged. Suffering is the natural consequence of stupidity and Americans are going to suffer. Is suffering deserved? Who is to say? Regardless of whether or not the suffering is deserved, it is certainly to be expected.

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