Reply #46: My brain tells me that we are about to go into a worldwide depression because

[cliffordu]

NO ONE knows the value of all the bad debt.....

We haven't manufactured anything of value in the amounts needed to support the economy in THIS country in what, 20 years???

It's all been paper games..."financial instruments" :rofl: and slight of hand since, and I don't care what the bloviators on MSNBC say, I believe we are going to go through a period of "readjustment" that will erase all the "value" of the paper fortunes and will teach each and every financial expert out there what the true value of a latte really is.

Really. Almost NONE of the financial experts saaw this coming, NONE of them seem to have a clue as to how bad it is, and if history teaches, it's going to be a fuck of a lot worse than any of them can say or will admit.

You cannot create something from nothing.

Resources to rebuild are scarcer than ever, and our manufacturing base is gone, gone, gone...

Energy prices will kill huge scale projects, mark my words.