Kunstler: Mr. Obama is under excruciating pressure to "do something" as systems unravel and economies augur into darkness

I suspect that in a few weeks, or possibly even a few days, Mr. Obama will have to start announcing all kinds of new and more drastic measures that will shock the stunned American public -- things like bank holidays, nationalizations, possibly even dollar devaluation.
As I've said more than once, I believe this basically honest and intelligent president will have to take on the role of the nation's hand-holding camp counselor or school teacher. When the time comes that he assumes this role, I think he'll do it pretty well, even though great pain and misery will be abroad in this land. - James Kunstler

NVDL: For those who care, this is recommended reading. Published Monday's - late. Kunstler is an American who has predicted all the terrible anomalies. Unfortunately he is not the president of that country.

clipped from jameshowardkunstler.typepad.com A creepy feeling ushers in President's Day this year as the suspicion grows that nobody in charge of anything knows what what to do next. In the White House, Mr. Obama is under excruciating pressure to "do something" as systems unravel and economies augur into darkness. Amid all the anxiety and raging cluelessness, one thing is clear: we're doing everything possible to evade reality.   Now we've arrived at the moment of wreckage. I suspect that President Obama has learned over the last several weeks that the nation's banking system and economy -- indeed, the whole world's -- are in way worse shape than anyone imagined before January 20. He is faced with the immediate crushing problem of appearing to do something while a tsunami of catastrophic debt deleveraging sweeps away the first outlier nations and their economies and bears down on the G-7.