1987 stock market crash redux - Global economic collapse to occur?

"This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing Government, they can exercise their constitutional right of amending it or their revolutionary right to dismember or overthrow it. I can not be ignorant of the fact that many worthy and patriotic citizens are desirous of having the National Constitution amended. While I make no recommendation of amendments, I fully recognize the rightful authority of the people over the whole subject, to be exercised in either of the modes prescribed in the instrument itself; and I should, under existing circumstances, favor rather than oppose a fair opportunity being afforded the people to act upon it. I will venture to add that to me the convention mode seems preferable, in that it allows amendments to originate with the people themselves, instead of only permitting them to take or reject propositions originated by others, not especially chosen for the purpose, and which might not be precisely such as they would wish to either accept or refuse...

[...]

Why should there not be a patient confidence in the ultimate justice of the people? Is there any better or equal hope in the world? In our present differences, is either party without faith of being in the right? If the Almighty Ruler of Nations, with His eternal truth and justice, be on your side of the North, or on yours of the South, that truth and that justice will surely prevail by the judgment of this great tribunal of the American people.

By the frame of the Government under which we live this same people have wisely given their public servants but little power for mischief, and have with equal wisdom provided for the return of that little to their own hands at very short intervals. While the people retain their virtue and vigilance no Administration by any extreme of wickedness or folly can very seriously injure the Government in the short space of four years.

My countrymen, one and all, think calmly and well upon this whole subject. Nothing valuable can be lost by taking time. If there be an object to hurry any of you in hot haste to a step which you would never take deliberately, that object will be frustrated by taking time; but no good object can be frustrated by it. Such of you as are now dissatisfied still have the old Constitution unimpaired, and, on the sensitive point, the laws of your own framing under it; while the new Administration will have no immediate power, if it would, to change either. If it were admitted that you who are dissatisfied hold the right side in the dispute, there still is no single good reason for precipitate action. Intelligence, patriotism, Christianity, and a firm reliance on Him who has never yet forsaken this favored land are still competent to adjust in the best way all our present difficulty.

In your hands, my dissatisfied fellow-countrymen, and not in mine, is the momentous issue of civil war. The Government will not assail you. You can have no conflict without being yourselves the aggressors. You have no oath registered in heaven to destroy the Government, while I shall have the most solemn one to 'preserve, protect, and defend it.'"

With the closed Congress session (reason for discussion of FISA probably bullshit excuse as cover), Bear Sterns bailout by the Fed and JPMorgan -- the latter purchasing the remaining shares for 2 dollars each after $30/share market close over the weekend, oil futures buying frenzy, Federal Reserve's slashing of interest rate and throwing money at the problems to "make it disappear" and grim news of the impending recession and possibly collapse, the writing is on the wall.

America is about to get fucked -- the rug pulled under in a massive swindle owing to the economic hemorrhage.

The cause are the hundreds of billions up to a couple trillions of USD wasted on protracted wars as oil per barrel price reach record high price compared to past oil crisis during Nixon and Carter administrations with inflation to latest dollar index adjusted, customer spending and growth stagnant as industrial jobs were outsourced overseas.

All of the above -- correlated by Federal Reserve's never-ending "solve the economic problem by injection off the hot press -- tenfold inflation and wretched dollar value be damned!" -- and President Bush maybe declaring "bank holiday" to attempt to resolve the crisis -- lead to the inevitability of the financial cataclysm.

Well, I don't know how much grim it gets. It can't get any worse, but it does.

All I can say is fuck Federal Reserve, Department of U.S. Treasury and the corpocratic fat cats & kleptocrats for exacerbating the economic crisis through unscrupulous manipulation of Wall Street & possibly the world markets and selling lemons to the world on "War on Terror" hoax by the extension of the corporate media to manage public behavior conditioned to not only accept but embrace propaganda & disinformation to soothe their child-like state of mind on the matters of national politics, economics and society.

The Second Revolution would have to happen to overthrow the corrupt & ineffectual government as Declaration of Independence grants. Because what the inept bureaucrats, swindlers and Wall St fat cats have done is wreck U.S. economically and morally to bring the citizenry down to their knees as though they will beg for solution like FDR was a savior seven decades ago.

The answer to the problem is exercising Second Amendment in raw form to eliminate the problematic people who are provenly guilty in responsibility for America's socioeconomic downfall. Extreme measures require educated vigilantism to execute the precise instructions of the Founding Father revolutionaries on the matter of deliberate financial ruin, usurpation and abuse of power in the facilitation of fascistic despotism as passed down from several generations past.