Defaulting banks - where will it stop?

[Peter Lemkin]

It's the only business left in the US - the arms industry. No recession there.

Don't forget the prison system [now mostly privatized] and the funeral home industry, as people are dying in greater numbers - 1/5 have no health insurance; 1/3 have inadequate health insurance for anything serious. And then there will be more suicides and murders soon too.... Unemployment is nearly 20% and rising, with little safety-net [none for many]. Over 3,000,000 house forclosures in 2008 - 4-5 million expected this year...many of them will not find affordable housing, or will not be able to work without a place and each house represents a family....now in tents, car, under bridges or at grandma's or in a shack or fleabag flat......ah, the American Dream.....the way I calculate it, about 10% of Americans could loose their homes in just the next few years!...how much longer could that keep up with everyone armed, unemployed and uninsured - little to no safety net?!

I guess the only people who'd buy that debt are 'beholden' Saudis and the like...but they will eventually say basta! too.

Looks to me like the end of the Empire is rapidly approaching - and it will not be a pretty end...not at all! Life in the USA is going to get very ugly, I fear. We have the bankers and their ilk to thank for much of this - but it will be blamed on having had a 'black man' in office, mark my words. What follows Obama will, I fear, make 'W' look like a saint and small 'd' democrat. Duck and Cover!