Through all the financial turmoil, Wall Street failures and political turbulence coming out of Washington, no one is paying any attention to the terminal tumor spreading across the land like the plague.  Seems people in Washington and in the private sector are still in denial about the downward spiraling condition our country is facing.  A $700 billion bail-out or rescue is only but a tiny amount of what will eventually take to get this country back on track.  People are attaching a great deal of hope on this small sum of money.  Some think this will be the cure all medicine, while others are under the misguided believes the illness will cure by itself and the country should not spend any money to fix the problem.  A problem that will hit each and every American very hard if left unattended.

The financial survival and military strength of this country are both completely dependent on finding the right cure to the financial crisis.  Everyone is talking about a recovery.  I am sorry to say, there is none coming anytime soon.  The damage done this time around is by far more severe than people are willing to recognize.  The pain that we will all experience will be very much similar to the pain of the great depression.  The pain will be felt in every state, cities and towns across America.

Companies doing business in every segment of our economy will find it more difficult to sell their products with every passing day, leading to bankruptcies unlike anything we have ever witnessed.  I see factories shutting down, stores closing their doors, local governments reducing their level of service and workweek to save money in order to be able to pay their remaining employees.  Federal Government employees will also see massive Reduction in Force (RIF) and while unfortunate, rightly so, because as we all know the Federal Government has grown drastically during this decade.  The answer to everything in the Federal Government is always, we need more people and we need more money.  Instead of working with available resources to become more productive and efficient they resort to empire building.  But why should they be more productive or efficient when they don’t have to answer to shareholders and there is very little accountability to speak of?

The Federal Government is going to be faced with a situation of having to bail out other large companies and State Governments.  The overwhelming amount of money the treasury will have to print to cope with this crisis, will, further erode our buying power at home and abroad.  The outcome heading our way will be super-hyper inflation.  The price of everything from a cup of coffee to all of our daily essentials will skyrocket, thereby, adding more insult to injury to the great deal of financial distress and misery most Americans are already experiencing.  There is no escaping, everyone will be permanently impacted and will feel the pain.