There are no words.
Paul Farrell, writing in Market Watch opines on the coming collapse of capitalism. America has lost its soul, corrupted by greed and he lays it all out.
Mind you, this does not mean that socialism is on the ascent. The real doomers expect much worse. Farrell doesn't go there anyway, but he does refer to Mark Faber and Faber's contention that the lifecycle of civilizations marches enexorably to decline even as he doesn't predict what will rise up out of the ashes. Farrell suggests that he knows when this collapse is likely to be felt even if Faber doesn't:
Faber is uncertain about timing, we are not. There is a high probability of a crisis and collapse by 2012. The "Great Depression 2" is dead ahead. Unfortunately, there's absolutely nothing you can do to hide from this unfolding reality or prevent the rush of the historical imperative.
If Farrell's assessment is correct, we have 2 years to prepare and our elected leadership - including the progressives - is not going to go there. We are talking about the American Way Of Life after all. It will be up to the community to prepare and bring along the political leadership once they wake up and smell the coffee.