Blog Entry

American Devolution

Posted on: January 27, 2009 9:40 am

The worldwide economic contraction is at hand, as first predicted on these boards (as far as I can ascertain) by JudgementDay in August-September 2008. In the past ca. 18 months, more than 4.5 million jobs have been lost in America. Within the next year, that number will roughly double. That means that about one out of five workers will be idle or severely underemployed. That level probably will be the broad, low plateau of the downturn. This American debacle is dragging the rest of the world down with it, as America is the "world's market". See, for instance, that Caterpillar is laying off thousands, because their heavy equipment is no longer selling to the contracting Chinese market.

So roughly one out of every five American families will be in fairly desperate financial straights, and extremely vulnerable.  On the other hand, the agenda perpetrated by the conservative overlords during the Bush Administration has esentially bankrupted the Federal Government, and created a small class of plutocrats holding vast, private economic resources.

America will therefore comprise a small group of ultrapowerful plutocrats, a shrunken, stressed-out midle class, a large, relatively hopeless economic underclass, and an impotent Federal Government. Further, the bitter, recent political battle has pretty much destroyed any hope of generating any national consensus.

Taken together, these phenomena will almost certainly bring on an era of tyrany by the greedy plutocrats who, knowingly or not, pecipitated the events. These plutocrats will control the more-or-less desperate underclass, and overwhelm the sketchy middle class. America will descend into essentially a feudal society, run by financially powerful overlords with no allegiance to the country, and no entities capable of neutralizing their selfish will. It will be "small town politics" on a grand scale.

Enjoy today.


Category: General
Tags: future

Since: Jan 13, 2009
Posted on: March 10, 2009 2:10 pm

American Devolution

That Whatif guy is on to something. The DOW jumps on good news from a BANK.


Since: Sep 23, 2008
Posted on: March 9, 2009 10:45 pm

American Devolution

Good link, If. Sounds sort of like economic evolution: The new conditions are causing some job descriptions to go extinct, and others to find a sweet niche.

BTW, I can't place you. If it's right, PM me, and let me know who you were.



Since: Jan 13, 2009
Posted on: March 9, 2009 9:12 pm

American Devolution

So I was thinking maybe I needed some research, well not really, but here it is.


Since: Jan 13, 2009
Posted on: March 9, 2009 8:11 pm

American Devolution

So then herein lies the question at hand. What are those that can make change ,even on the small scale to help those less fortunate by no choice of their own, doing to help. Are the people who have a little extra to spare going to make that small sacrifice, miss one meal out a month, to allow someone who wants to get back the chance to do so. I would like to say I believe they are, but that is no more the truth than the fact that the economy is the people's problem to begin with. There is still plenty of jobs and plenty of money in the private sector, just not the ones people want. Houses are still being built, cars are still being sold and stocks and bonds are still being backed, just not by those who fear the mass media. I am not saying there is not a financial crisis but it can be traced back to one major problem, BANKING. Most companies borrow to pay the bills and then repay, I did for the first 10 years of my business, now the banks have spent so much of the money they had on frivolity (not loses to the average consumer as reported) that they are not able to lend to the small and medium size businesses as they have been for so long. Ergo, once the financial system wakes up and realizes that it is the small and medium businesses that pay for their frivolity, the economy will once again begin to rebuild. Okay so that is just my humble opinion and open to critique. Although I have always had the utmost respect for JudgementDay I have also always enjoyed the subtle and dark comedic jabbing that I have so often had with him.


Since: Sep 23, 2008
Posted on: March 4, 2009 8:34 am

American Devolution

Here's an interactive map of where the jobs aren't:

<a title="jobless counties" href="" target="_self" title="jobless counties">




Since: Sep 23, 2008
Posted on: March 2, 2009 9:00 am

American Devolution

Me, all I see and hear is that things are contracting like a wiener when you wade out deep enough into an ice cold lake. The EU is fracturing, and Eastern Europe, the Baltics and Ukraine are approaching true mayhem. I was thrilled to see that Prince Walid took it in the shorts over Citigroup.

How do you like owning the big financial institutions and AIG?

Bet it feels good to wriggle your toes in the warm bear poo, now that you're back.



Since: Dec 2, 2006
Posted on: March 1, 2009 12:29 pm

American Devolution


I'm back. Been traveling a lot for work. Just heard one economist say the recession will be over late this year and that will be followed by a period of slow growth. Reality or snow job?

I'm just glad I live up here away from it all.

Since: Sep 23, 2008
Posted on: February 28, 2009 10:49 am

American Devolution

It's turning out that all the dim economic forecasts were too optimistic:

The American economy is contracting like a sponge drying completely out.



Since: Sep 23, 2008
Posted on: February 24, 2009 6:18 pm

American Devolution

The economy is what people perceive it to be. Americans think the economy is, and will be awful:



Since: Sep 23, 2008
Posted on: February 23, 2009 2:20 pm

American Devolution

So the Federal government is going to try to Wizard of OZ the big, insolvent American banks.

Treasury Secretary Geithner's "regulators" plan to


ensure that these major banking institutions have sufficient capital to perform their critical role in our financial system on an ongoing basis and can support economic recovery, even under an economic environment that is more challenging than is currently anticipated

Isn't the Federal government going to merely print the money to prop up the banks against their now perpetually bad loans?

Yes. So my (our) money is vaporizing, but I am (we are) too stupid to realize it. Or...their bad loans are our bad loans. We share the bad times, but not the good times. Interesting. I didn't know I was so altruistic.






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