Economic Update--like watching a train wreck, except we're

[Tracy]

on the train. Read through this article.

http://realestateandhousing2.blogspot.c ... lings.html

[Linda]

Tracy, I feel the same way...plus, the train seats DO NOT have seat belts! This world is just getting worse and worse every day. Our only hope is in God and being ready every minute of every day.

[Tim Elston]

on the train.

Tracy, you might be interested in watching Chris Martenson's "Crash course" on the economic train wreck. Martenson correctly forecast our current downturn, and he predicts that by 2020 we will see significant economic upheaval. His thesis is that the monetary system is such that it cannot possibly sustain itself, regardless of the policies of this or that administration.

The videos last several hours in total but are worth the introduction to what most Americans don't have a good handle on. I'm skeptical about his take on global warming, but his economic analysis seems generally sound. It comports with the must-see video Money as Debt, which I have referenced a couple of times without much apparent interest on the board here.

I thought of you when I watched the Martenson videos, thinking that you were well situated for self-sustaining living, should major depression occur. I may be well-situated, too, since I work for Sarah Palin's children services division, and they say that child abuse increases in economic hard times. That's a job-security I'd rather not be able to bank on, though. But it's the world we live in, like it or not.

I'm excited to be living in such an interesting transitional period. What we are experiencing will be important to history. Keep your journal up to date for the U.S. history books of tomorrow.

[Tracy]

Thanks for the links, Tim. I have to be careful how much of this that I expose myself to. I tend to get very anxious when I learn too much about what is happening. I just can't do anything about what is happening, so that makes me a little crazy--it is a helpless feeling.

I wish I shared your excitement about this transitional period. I do find your attitude toward it encouraging though!