Like scary tales that make your spine tingle? Like to read graphs and economic data? Then here's some scary geek reading combining the best of both. Call it "Oswald Spengler Redux: The Decline of the West, American Style." The Crash of 2008 precedes the Catastrophe of 2009. The misery has just begun. John Williams of ShadowStats estimates real unemployment (that is, unemployed people who want work but cannot find any or part-time workers seeking full-time work but cannot find any) at about 15% today! That's an unemployment rate equal to that of circa 1931 and then later circa 1937--years in the depths of the Great Depression. In terms of unemployment, we are in a depression right now. And unemployment will just get worse and worse. What are we going to do? And why don't we recognize our peril? Are we so totally lost in playing make-believe, so utterly incapable of confronting the real world as it really is, that we are paralyzed and unable to respond? Are we just going to sit around and hope that somebody, some where, will tell us what to do?
Read the grim stats here
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