Still unbelievers!

We are headed for a Depression! The English said it today and if those tight-lipped leaders say it they know something we don't seem to know.

Have you ever noticed that countries who have worthless or no money to speak about aren't made any worse with a depression?
Usually Communist and Socialist countries aren't hurt too much. They already are pretty poor.

It is still utterly amazing just how our banks could have gotten into such poor condition with falsely priced assets and it was not caught until the borrowing reached it's limit.

Many knew that the majority of individuals were too deeply in debt, but had little if any inkling that our banks were actually bankrupt!

Worse yet, I have noticed that the rhetoric coming from such places as our school board and our local leaders is denying our situation. This denial makes many individuals angry since taxes and prices are skyrocketing to support these enterprises and they want more!There ain't going to be much more!

Better start cutting expenses and head counts in all departments by 10-20% now, and more later, in my opinion.
People soon will simply not pay any of their taxes, much less the increases!

Notice that people are beginning to refuse to leave their foreclosed homes, nor pay a dime more on the debt!
It is not that they don't owe the debt, it is that they can no longer pay it with any hope of ever keeping the home.

Better get started--Our President says disaster is just around that corner you see!
He agrees with England.