Dear Fellow Americans
The mass media (talking heads on the television) would try to sugar-coat the depressing news they have to deliver night after night.
They would also have us subscribe to the naive notion: “Obama will fix it.”
This is very misleading. The media want to be able to say “The worst is over” / “The housing market is hitting bottom” / “Things will turn around soon”. You will hear these things every day in the newspaper and on television.
However, there is a much bigger picture: the facts are out there, and some very smart analysts, and members of global think tanks are not afraid to tell it like it is.
Basically (and realistically) these think-tanks are able to project very reliable trends (in black & white). They will tell (sometimes for a fee) what can be expected so that people will have a chance to plan ahead and not be caught unaware, or make poor life choices (in employment, major purchases, investments, or choice of community).
The popular myth that the mass media is trying to push now (as is the government) is that more stimulus packages (bailouts) are the solution. They are not. Basic economics clearly states that one cannot borrow forever and claim that to be profit. Anyways, whoever is getting the bailout money (and the U.S. Government is not disclosing this information) – is not using it as intended. The banks who get it are not lending it out to customers.
You can plan for a US default on their loans, and a very likely devaluation of the dollar likely in summer 2009. This would be followed by the issuance of a new monetary system in the USA, to be called the Amero. It’s already being readied: http://english.pravda.ru/world/americas/02-12-2008/106779-amero-0
Read your Wall Street Journal & New York Times. They won’t sugar-coat the bad news. Here is one stand-up example I can pass on to you so that you and your family and friends can be prepared (for the worse). If it never gets as bad as they claim, no harm done – right? Better over-prepared (at least in mindset, knowing mentally what to anticipate) than under-prepared.
Here is the important link:
http://www.nytimes.com/2008/12/08/business/economy/08econ.html?_r=1&ref=business
The bottom line, from my understanding – is not to expect recovery (growth) for between 3 and 10 years. A lot may happen in between as well (social rioting, more joblessness, currency failure, army activity in the homeland, energy shortages, etc.). Just keep your eyes open.
Cheers and not cheers 
