Spook, you're absolutely correct. While they didn't have TV in the 1930's, turning off the radio didn't stop the Great Depression; WWII did. And turning off the TV today won't bring back any jobs, or make any mortgage payments, or put food on the tables and pay the utilities.
That bell's already been rung, and we can't unring it.
A couple of years back, on the old OT board, I said something to the effect that a scenario like we have today would only be the beginning...and I was ridiculed, because the guys who today say "turn off your TV" were saying that it couldn't happen. But the signs were there, if we would just take off the blinders and see them.
And it's going to get a lot worse before it gets better. Let's just hope none of America's enemies--or her supposed friends--decides to attack us while we're down. A country the size of China could wipe us out by attrition...and then claim all the assets they hold the mortgage to...and we'd be virtually powerless to stop them.
Remember, it was China's demand for steel and oil that drove the markets up and helped hasten this recession. If that turns out to have been just a "dry run,"and the worst is still ahead of us, don't say we couldn't see it coming.
I hope it doesn't come to that, but I won't be surprised if it does.
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