Surviving the “Contained Depression”

Surviving the “Contained Depression”
Paul Kedrosky
Nov 11, 2008

http://paul.kedrosky.com/archives/
2008/11/11/surviving_the_c.html

Interesting David Levy piece in the current issue of Institutional Investor. Here is the money ‘graf(s):

Without the government’s containment the economy would indeed ace another Great Depression, but fortunately, nothing so dire will occur. The government will prevent a collapse of the financial system and partially buffer the damage to the economy, containing the depression. The government will succeed not because it is wise about economic affairs or because it won’t make mistakes. Rather, it will have no choice but to keep patching holes in the financial sector, and its sheer size and presence guarantee a sizable fiscal stabilization. The government has virtually unlimited power to intervene to protect the basic functioning of the financial system, and in an emergency can spend whatever is necessary. Although government solutions will not fix the fundamental problems that will cause the depression, they will limit the financial fallout. By the end of the contained depression, the government will likely have committed trillions between rescue operations and running huge deficits. And although some may complain about the price tag, it will be a bargain for enabling us to avoid another Great Depression.

Levy thinks we will be out the other side in late 2009 or early 2010, albeit out in a tepid way.

America - The Newest Third World Nation

America - The Newest Third World Nation
By the Earl of Stirling
August 26th, 2008

http://eldib.wordpress.com/2008/08/26/america-the-newest/

The American economy, and with it the global economy, is being deliberately set up to collapse. One can look to the traditional sources of war, economic crisis, and revolution to find the cause behind the demise of America. The global international banking families fingerprints are all over the programmed fall of America. While they had their hands in the War of 1812, and the Civil War, blackmailed Wilson to get the US into the First World War, placed their puppet FDR in the White House to control (to their designs) the Great Depression and then to bate the Japanese to attack us to get American in the Second World War, the deliberate high treason committed on 9/11 by senior Bush/Cheney administration officials was a new low. We have now experienced almost seven years of wars based on this false flag operation and we are being led into yet another war with Iran (a nation with advanced biological strategic weapons of mass destruction that can kill a third of the world). Additionally the satanic US Vice-President is in Georgia preparing to push the Russians into the coming Third World War; a world war that with current 21st Century weapons will kill most of us.

We are currently witnessing the main stream news media’s massive coverage of the Democratic National Convention, with the follow-on coverage of the Republican National Convention in a couple of weeks. This coverage is designed to convince the American public that "their vote does count", that the American political system is working for them. This BS/hype is falling on more and more ‘deaf ears’ as more people turn to the alternative internet news sources for the truth. Americans have not forgotten that two years ago they elected a Democratic Congress to end the war in Iraq but instead the Democratic controlled Congress actually increased the funding for the war and the troop levels.