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The Economy
With the collapse of Bear Stearns and their acquisition by J.P. Morgan for $2 a share - shares that were priced at $170 not long ago - I'm seeing some VERY strong signs that we really may be headed for another Great Depression - or worse.
So now what? I'm honestly wondering. I've heard that there are a lot more layoffs and labor cut-backs happening in the past week, and they're likely to increase. The odds are increasing that we are going to see economic pain on a scale that NONE of us have ever lived through. And yet I have to admit that somehow it's not real to me.
I believe that most Americans are experiencing the same weird sense of unreality about our economic meltdown. Well, let me be more accurate: most Americans probably have no fucking clue that the economy seems to be heading for a complete collapse. They don't know that the chances have gone WAY up that they will die hungry and homeless.
But when reality finally hits - and I'm not going to underestimate the stupidity of the population, it will hit when they actually run out of money and credit and really feel the first pangs of hunger - what's going to happen? What will they do?
What will you do?
So now what? I'm honestly wondering. I've heard that there are a lot more layoffs and labor cut-backs happening in the past week, and they're likely to increase. The odds are increasing that we are going to see economic pain on a scale that NONE of us have ever lived through. And yet I have to admit that somehow it's not real to me.
I believe that most Americans are experiencing the same weird sense of unreality about our economic meltdown. Well, let me be more accurate: most Americans probably have no fucking clue that the economy seems to be heading for a complete collapse. They don't know that the chances have gone WAY up that they will die hungry and homeless.
But when reality finally hits - and I'm not going to underestimate the stupidity of the population, it will hit when they actually run out of money and credit and really feel the first pangs of hunger - what's going to happen? What will they do?
What will you do?
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