Good Layman's guide to the financial crisis

[Ski]

Heh.

When the middle class dies off in this country, that's when you will see the collapse of the system. It's already occuring, just a matter of time before the whole enchilada implodes.

What exactly does the remainder of the middle class actually do? JAN 09 was the first time in the history of the US that showed more governmental jobs than manufacturing jobs. We're a service based industry that is rapidly losing services to provide...kinda hard when the credit dries up and wages have stagnated for 30 years.

If the powers that be had a clue on what to do with the economic mess, they'd really start focusing on rebuiling the middle class. This, of course, would mean a redistribution of wealth from the upper class downward, but the rich have gotten much richer over the last 30 years.

And if they don't, you'll see more rioting, targetted attacks and even terrorist attacks against the upper class. This isn't a hard thing to figure out.

If you say that economic viability of America will get worse over the next 5 years you will be labeled similar to above.

I would ask when looking forward five years. What fundamental change has occurred that will result in a swing away from the continued rape of the middle class by financial elites (of either political party) and will change the course of events in a way that will result in a different outcome? Asked another way what incentive to financial elites is there to change the headlong rush into economic chaos and totalitarian capitalism?

The economic system of American design has been legislated continuously to foment and support a pyramid scheme. All savings, retirement funds, forms of savings for school, insurance, trust funds and much more are by legislation forced to be tied to the stock markets. There is almost no savings mechanism NOT tied to the stock market. Seven years ago there was a huge move to transition the social security fund into the stock market. The battle to block that was almost lost.