Our Economy, a Controlled Demolition?

Every day I wake up to pour another cup of hot coffee and delight in a hot shower is another day that I am grateful to have been born on American soil.  I know we’ve had it good.

But lately, every day as I pass my fellow Americans at the grocery store or the gas station  I wonder,  do they know what is going on?  Are they paying attention?  Do they see what I see?

It is not that long ago,  a time when Americans were beginning to get very comfortable with a slogan and a way of life that claimed you could have anything you wanted, even if it meant that you could not afford it.

Instant gratification became the crack of middle class America.  Credit line after credit line, a new car there and a new computer here, snowballed in to a dozen other must-have gadgets. Gadgets for him, gadgets for her, and an  XBox 360 for every boy and girl.  Not happy yet?  Spend more money.  How should we fight terrorism?  Spend more money.  Do you need a 3000 sq ft home to compete for a status symbol?  Spend more money.  No down payment?  We’ve got credit.

Is there more to it than that?  Sure.  There’s speculation, and brokers, and bankers, and Wall Street.  There’s interest rates, and deficits, and mortgage backed securities, sub-prime and ARM’s.  There’s the Federal Reserve, and the IMF, and a pyramid scheme from hell…  and a list of illiquid assets that would stretch for miles long.

“Who will fix this mess?” We ask.  And the fixers step in…

* With that in mind, I wanted to share the following video commentary, entitled  America’s Controlled Economic Implosion.   It presents how the American people are falling victim to the current tailspin of “fixing.”