[BITList] see Russia!

[CT's]

  a.. The US is losing its privileged place in the world. Americans now compete with many other people in many other places for the world's resources - including its savings. 
  b.. The international monetary system, an experimental system built of paper dollars, may be falling apart. 
  c.. The days of cheap and bountiful energy are over. 
  d.. Governments are going broke. State governments. National governments. In Europe. In the Middle East. And in America. 
  e.. The engine of economic growth - Americans' willingness to go into debt in order to consume more and more of the world's output - has gone into reverse. 
  f.. And, governments are meddling on an unprecedented scale...delaying and avoiding necessary adjustments, possibly turning an ordinary depression into a Great Depression...or even a Much Greater Depression. 
These are not small challenges. Any one of them would be a worthy crisis on its own. Put them together and you have the makings of a catastrophe. 
But don't worry, Sarah Palin can see Russia while having a tea party.....................................................!

ct
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