The Graphs of Wrath - 2

We Americans are a clever bunch, especially our media who spend all their time telling us not to worry about the writing on the wall, declaring "its only graffiti".

They are the experts of MOMCOM, expert in their own eyes.

They spend the bulk of their time sound-biting out their message that "Amurka is the greatest nation in the history of the world".

Ok groovy sound-bite historians, you have done you propagandic duty, but now lets get real.

Somehow your MOMCOM pabulum seems like some sort of cover-up, especially when it is obvious that you in MOMCOM's media are ignoring the warnings of a plethora of actual experts who keep in touch with economic realities that are relevant today, relevant now:

The following experts have - at some point during the last 2 years - said that the economic crisis could be worse than the Great Depression:

Fed Chairman Ben Bernanke, Former Fed Chairman Alan Greenspan (and see this and this), Former Fed Chairman Paul Volcker, Economics scholar and former Federal Reserve Governor Frederic Mishkin, The head of the Bank of England Mervyn King, Nobel prize winning economist Joseph Stiglitz, Nobel prize winning economist Paul Krugman, Former Goldman Sachs chairman John Whitehead, Economics professors Barry Eichengreen and and Kevin H. O'Rourke (updated here), Investment advisor, risk expert and "Black Swan" author Nassim Nicholas Taleb, Well-known PhD economist Marc Faber, Morgan Stanley’s UK equity strategist Graham Secker, Former chief credit officer at Fannie Mae Edward J. Pinto, Billionaire investor George Soros, Senior British minister Ed Balls...

How could that possibly be, when the stock market has largely recovered? (Let's forget for a moment that the stock market rallied after 1929, but then crashed in a double dip).

(Global Research). The writing is on the walls of garage doors of foreclosed America, and it is spreading like the plague:

An influential economist who long predicted the housing market bubble cautioned Tuesday that the slump in the U.S. housing market could cause prices to fall more than they did in the Great Depression, and bailouts will be needed so millions don't lose their homes.

Yale University economist Robert Shiller, pioneer of the widely watched Standard & Poor's/Case-Shiller home price index, said there's a good chance housing prices will fall further than the 30 percent drop in the historic depression of the 1930s. Home prices nationwide already have dropped 15 percent since their peak in 2006, he said.

"I think there is a scenario that they could be down substantially more," Shiller said during a speech at the New Haven Lawn Club

(ABC news). The writing is also on the walls of city halls:

As cities across the nation face increasing budget strains, the vocal group of experts warning about municipal defaults has gained a powerful member: Jamie Dimon.

The JPMorgan CEO said he expects to see more U.S. municipalities declare bankruptcy, Bloomberg News reports. His concerns echo those of Meredith Whitney, the analyst who has said the next major financial crisis will come from a wave of local government defaults, and those of famed investor Warren Buffett, who has called the municipal debt situation a "terrible problem."

"If you are an investor in municipals you should be very, very careful," Dimon said, according to Bloomberg.

(City Bankrupties Will Increase). Regular readers know that Dredd Blog has attempted to associate the endless wars with our current endless economic problems.

For examples see Graphs of Wrath or States of War Budgets, and note that we have figured out that the military section of MOMCOM does not go down without a bloody fight, and is always religiously looking for a resurrection of war:

We have seen that MOMCOM has been resurrected over and over again as a life-death-rebirth deity:

The Pentagon needed to help Bush II get elected, to save the military oil complex from becoming a class like the military in other countries of the world:

Until more money arrives, the defense apparatus is literally feeding on its own parts, pinching this and that, scrimping here and there, in order to keep the same Cold War force structure in place and the same lineup of new weapons moving through the pipeline of development. During the Cold War era, the military institution acquired a reflexive appetite for growth that it's now unwilling to give up. Instead, it lumbers toward a self-induced crisis of malnourishment, as when an addict's starving body eats its own liver.

(Is There A Shadow Government - 2). That was the state of the military just as Bush II was being elected, with the help of GE and the GE CEO, Bush II's greatest campaign contributor.

(GE Serves The Pentagon On TV Near Yoo). Birth and death are worshiped faithfully by the military priests who believe they are the saviors of the world.

(The Virgin MOMCOM). Two blogs recently carried quotes and/or statements from David Stockman, a former government official concerning the impacts of a rogue and mavericky MOMCOM:

We are now at a historical inflection point at which the time has arrived for a classic post-war demobilization of the entire military establishment," David Stockman said in an exclusive interview.

"The Cold War is long over," he continued. "The wars of occupation are almost over and were complete failures -- Afghanistan and Iraq. The American empire is done. There are no real seriously armed enemies left in the world that can possibly justify an $800 billion national defense and security establishment, including Homeland Security."

Short of that, he suggested, the United States has "reached the point of no return" with its artificial creation of wealth, and will eventually face a sharp economic decline.

(Washington's Blog, see also Raw Story). One of our regulars, disaffected also picked up on that story recently and shared a link to it in comments.

Hey you MOMCOM media folks reading this, did you think Dredd Blog was kidding when we said you were enablers and perpetrators of the mode to Destroy The U.S. In Order To Save It?

You need to grasp that your behavior modifies your DNA. so change your experience to make it like the real Americans who know that war will destroy America if we do not stop those wars YESTERDAY (and if it is not already too late).

The previous post in this series is here, the next post in this series is here.