Robert Prechter predicted the current stock market crash in 2007.  Below, in three parts, is his analysis.

Part 1

Part 2

Part 3

America is doomed.

An excellent history of the 1929 Stock Market Crash, in five parts.  As  you watch it, see if it reminds you of anything.

Part 1

Part 2

Part 3

Part 4

Part 5

America is doomed.

It looks unlikely that there will be a bailout of the US Auto Industry in the Lame Duck session of Congress.  There are plenty of politicians opposed to it.  GM stated that it will be too in the upcoming Obama administration. Consider this video released by GM

America is doomed.

Many people don’t realize how unbelievably evil the Bush-Cheney administration is.  Sure, everybody knows about the wars and the lies for getting into the wars.  People know about the repeal of regulations that have ushered in a financial crisis and made America’s water and air more polluted.  There is substantial documentation about the greed and corruption within the country.  Bush and Cheney don’t care about humanity — they care about money, power, and oppression. The list goes on and on.

Look what the Bush-Cheney evil bastards have done to NASA to support their political anti-science agenda.  Or how they are out to limit women’s health care in the name of their sick religious based “pro-life” agenda.  If there is one thing that the Bush-Cheney people are not — it is PRO-LIFE.  They believe in wars, capital punishment, guns for everybody, and subverting health care which all result in people dying — hard to be pro-life when virtually all your policies result in people dying.  The only place Republicans are pro-life is when it involves people unborn and this could be honored if they were not for killing people after they were born.  In fact, people could understand a truly PRO-LIFE party who was opposed to all policies that resulted in human death.  Probably the single best argument for no benevolent god is the way the Republican religious right feel about their fellow humanity.  With the America that the Republicans have created the best thing is abortion, because once a child is born in Republican America that child is fucked for the rest of their life.

To make matters even worse McCain and Palin got 58 MILLION people to vote for them.  What kind of idiot would vote for McCain and Palin?  The kind of religious idiot who thinks the earth is 6000 years old and that god created it in seven days.

America is doomed.

Naomi Klein is the best person to outline the big picture related to the financial crisis.  She is use to making such observations and her book The Shock Doctrine is a must read of our time.  Today, she points out that the handling of the financial crisis is “not merely incompetent. It is borderline criminal.”    Many of the items mentioned in her piece have been mentioned in these pages, but it is wonderful to see Naomi organize them in a single summary.  Naomi explains that Wall Street will end up opposing exactly what the America electorate just voted for — all in an effort to keep the free money flowing on Wall Street.

One thing we know for certain is that the market will react violently to any signal that there is a new sheriff in town who will impose serious regulation, invest in people and cut off the free money for corporations. In short, the markets can be relied on to vote in precisely the opposite way that Americans have just voted. (A recent USA Today/Gallup poll found that 60 percent of Americans strongly favor “stricter regulations on financial institutions,” while just 21 percent support aid to financial companies.)

America is doomed.