Pure Defect

So if you have been following the news you have no doubt heard that several huge US automotive companies are at risk of collapsing very soon if they aren't bailed out. Washington however seems to not want to shovel money to them even after they gave mountains of money to bail out banks that made some stupid decisions but didn't think they should pay the price for their own actions. While I also think the idea of another bailout is not what we need I would also bet that if (more likely when) the major companies in Detroit start falling like dominoes, then you can be sure the economy will tank even harder than it has in the past year. Confidence is laying dead on the bottom of the toilet bowl at this point even with the election of the nation's first African-American president, so this will come as a veritable death blow to the economy and potentially bring about the most brutal hit to the stock market we have seen yet.

If anybody out there still has any doubts about what we are seeing its time to suck it up and admit we are in the Second Great Depression and now is the time to start preparing for the harsh times ahead.