|Devastation shows on faces in April, 2009 at Jobs Fair in New Hampshire|
Watch Americans with a Front Row Seat to the Rise of Hitler on PBS. See more from PBS NewsHour.
Immediate impact is a devastating change in the psyche of our nation and other nations even more effected by the calamitous downturn. We know how it happened and we know they knew it was coming, but what we don't know is what to do as a people, a nation, and a world. That is indeed the perplexing problem that faces a centrally controlled economy, whether it be a nation or a world economy. Its called "dependency" and its absolutely an anchor for our economic recovery. We can point to stats like the LEI, PMI, employment, but we are at that point where its become PUT UP OR SHUT UP. Phd's working at Lowes are not an allocation of resources but a red flag of malinvestment. Therein lies the conundrum for Central Planners and that is how to "fix" a structural employment collapse brought about by POLICY. Structural unemployment is the loss of manufacturing jobs....its the millions of business degrees produced over the past 30 years that significantly underproduce in an economy that needs PRODUCTION. When you start two wars and instead of bunkering down and saving money and raising taxes to pay for it your President tells you to go out and shop then you know you have entered the Twilight Zone. When the new President comes in and tells you the biggest budget deficit and debt in history must be met with more spending you know the hope and change promised is NOT coming. As discussed previously the course of monetization/money printing cannot be changed once it crosses into the Twilight Zone and we are going deep into this rabbit hole. For whatever reason I do not grow tired of discussing the historical time we are in. If you get tired of reading about it then of course I am sorry, but I have to remind many of you this is NOT your daddy's world or even your grand-daddy's. Be prepared and don't get lulled into a trance. For those of you that understand the reality of what's going on around the world to deal and fight this man-made collapse please watch the following video inside the Madrid employment office..........and smile.......gl ...........you CAN beat them.