The politicians thought they could get away with this if they all devalued together. Not sure when the pyramid will collapse, but it will.

With the help of my grandson, (22) I have been talking to a number of twenty-somethings. To me, they dress strangely, they comb their hair strangely, the girls wear everything too short, but --when I actually talked to these strange creatures, they were pretty sensible. Unlike the Watters World segment on O'Reilly, they were sensible, knew how the government was supposed to work and had reasons for their opinions. I don't know if grandson specially selected this crew or not. I guess they reflect the kind of people he runs around with. I found it an encouraging sign. But jeez, they were a weird looking bunch. I guess I'm old. Now that I think of it, my grandparents probably thought the same of me as I wore pegged pants with a pipped stripe and a D.A. haircut.

+1 for finding something from johngaltfla.com

Aw, c'mon with all this negativity.
Everything is just peachy keen.
The salvation of our economy shall but a part of the Presidebt's legacy.
Just ask O'Pinocchio! He'll tell you.
And with that happy smile of his too.

I have wondered for some time what the trigger would be. Not if we would have another crash but what would cause it. China may be the first domino. How ugly can it get this time???

no.

Hello Zenphamy,
Bummer... The economy is one spark away from disaster and our present path is headed towards a blowtorch. https://www.youtube.com/watch?v=F54rq...
What innovation short of Galt's engine could turn the trend? I just learned of O's new directive to reduce carbon emissions by 32%... while other nations will not. I'm still trying to understand how someone that flies all over on AF1 thinks he can dictate carbon emissions without harming those he is suppose to serve. Just one more roadblock in the path of improving the economy...
Respectfully,
O.A.

Bad sign #1 : complete clown elected twice.
Bad sign #2 : people are not even laughing dismissively when possibility of having selfish female clown elected right after clown #1's second term end is evoked.

When only looters are left, the country is doomed, and that is now becoming the case.

James Rickards says that he seriously doubts a large enough shift toward fiscal responsibility to avoid the largest crash in the history of mankind. See the book review:

http://www.galtsgulchonline.com/posts...

It's an outstanding read, book is brand new on the market. I was the first one to reserve it at my local library, but I may just buy it.

A way out?...I'll be reading this material. Here is a link to get yours...
https://orders.cloudsna.com/chain?cid...

I see nothing especially new or noteworthy in that article. But I'm fascinated to see someone reviving the song -- because while it's a horrible song, it's one I've used for decades as a sort of "litmus test of libertarians." Basically, if the song is played in a room full of libertarians, I typically see three reactions by different people.

(1) If you simply agree with the song's narrator and want the people who put up all those signs forced to tear them down -- you are a shallow anarchist, not a libertarian at all.

(2) If you point out that all of the rules on the signs are exercises of valid property rights and thus should be upheld without question -- you are what I call a "property rights libertarian" -- not as shallow as the first group, but still too shallow for me.

(3) If you agree with the second group that the rules are property rights but would prefer (and campaign, but not for a law) for the harsher ones to be taken down voluntarily, you are like me, a "cultural libertarian."

I have the impression that Objectivists are mostly divided into groups (2) and (3).

"light years past due for a correction" sounds ominous ... even
the word "correction" implies that there is a "correct" value for
these figures. . yes, correct. . like algebra. . maybe in our dreams;;;
these are all approximations, IMHO!!! -- j
.

the only thing that is going to be bright in the future is the sun on sunny days. I do not believe for one moment that the economy has done anything but slide down a black hole since the bush boys left office. as we go so goes the world as we are the economic engine of the world. our non working force keeps growing so they have less and less money to spend on anything other than necessities. the signs of destitute are everywhere. when nobody wants to work because there is no longer any benefit and that will take about 5 to 10 years to take place those who function without the use of brains located in dc as well as other capitols around the world will not recognize the error of their ways and otherwise say what happened. we will not have the "men who built america" around to do it again.