Via Corrente– the US Dollar Death Dance

Are Americans last to realize the financial structure destruction means the US Economy does not enter a recession, but rather a bizarre unprecedented disintegration? It seems so. The liquidation of speculative positions, the massive de-leveraging, the payout’s of defaulted bonds, these events are the opposite of developments toward revival or resuscitation, like business investment!! Liquidation is the exact opposite of investment, and precedes job cuts, not job creation.

There is much much more. Read the whole thing and pray that Obama gets a sense of Rooseveltian ingenuity between now and January.