Posted by RalphWSiegler
on April 22, 2009, 5:17 pm, in reply to "it could be"
I just read this by Paul Farrell
http://www.marketwatch.com/news/story/even-jack-bauer-couldnt-stop/story.aspx?guid={BE0D1772-A628-454D-80BF-C4484CEBA7DF}&dist=TNMostRead
which predicts a bigger meltdown (Depression II) in about two years. With meltdown phase I we handed over fine control of Wall St. and economy to a small elite group. This really isn't any less scary or threatening than speaking of an attack on the populace by the oligarchs using war or disease, a severe Depression can cause devastation and death of the same order of magnitude as a war or pandemic given our population concentrations and supply transport.
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