Very good for the most part. So far his prediction for the polis to want to preserve the status quo are right on.

The other thing of note, is that if the worst comes to happen, the damn fundies have a tendency to gain power over the masses particularly when the masses are not as well educated, see Iran as an example. And looking at how many polis are idiot religious fuckwits (see the previous video of the repub having a hissy fit over evolution and Religulous where a dem admits he's a fundy as well), I think is a good indicator of how bad we've gotten. Then of course there's the polls for how many idiots want creationism taught in schools, percentage of young earthers, etc.

So how to prevent these idiots from gaining power during the coming tough times? Something to think about any way.

Jim Sinclair writes the Hat Trick Letter and is the son of Bertram J. Seligman, who was one of the most successful traders to hit Wall Street. He is a bit more radical in his predictions than many and so I take what he says in stride but he has made great points in the past that have turned out to be dead correct when others called him a nut. He has also been wrong about events as well, his timing has not always been right.

I don’t know if things will go to the extremes he has presented but he again was right about the banks going insolvent and so I have posted above his latest writing. I say read what he says and consider it in the broader context, don’t let emotion get the better of you in his writings, easy to do when you read his stuff, you half expect agent Mulder and Scully to make a cameo in some of his stuff.

He is not the only one though who has said the banks would become insolvent. Jim Roger’s has been saying it every time he gets in front of camera warning of us the zombie banks of Japan and the lost generation, and so have all the other names I mentioned in my posts.

The hardest part about posting economic related topics here on C&L is getting people to drop their emotions and have the patience to read my entire posts. I voted for Obama but not because of his economic policies, both parties were hell bent on doing a stimulus. The foundation of the Democrats and Republicans debate on is seriously flawed as they are pissing and moaning over a scant $30 billion out of near $800 billion monstrosity. So I try to present information that will get people to understand the scope of the issue.

Unfortunately most people just don’t know enough about economics or investing to understand both parties embracement of using stimulus packages is wrong. They don’t understand that correction, the crash, itself is the medicine to years of inflated prices and trade imbalances that created the bubbles which burst. The imbalances, bubbles, the banking system, and national debt are the problem and that no amount of money thrown at it will fix it especially when we are borrowing it again, basically we are making the problem worse.

This crash over time will become worse than the great depression; we have snapped the rubber band back farther than ever before. I was explaining that earlier today on Boehner’s little rant.

http://crooksandliars.com/nicole-belle/john-b...

The main stream media is so clueless on this topic and often invite agenda driven tools on to answer their Children’s questions. When they get an answer they don’t know enough to question the answer or even question the position. For example one of the big hammers the agenda driven tools use to downplay this situation again and again is to compare WWII’s deficit percentage to the GDP. They love to point out it was much higher during WWII and no one in the media knows enough to challenge them. I had one poster LazyCosmos today ask me about that, my explanation shows why people are being fooled by all the misinformation being put out.

http://crooksandliars.com/nicole-belle/john-b...