50 percent of all jobs in America will eventually be either in the healthcare industry or the government

From the Secretary of Health and Human Resources’ own lips, the United States is now spending $2.5 trillion on health care, about 17 percent of GDP.

Truth is, we have close to a 10 percent admitted unemployment at this time, with the actual rate much higher if you include discouraged workers no longer seeking employment. Unemployment will get worse. A lot of good folks are collecting severances or unemployment checks, which have expiration dates. This means consumer spending, which accounts for 70 percent of GDP, is not going to rise much any time soon. Comparative corporate earnings reports that we hear “beat expectations” are beating pathetic expectations, not robust expectations.

SHOOT: Hence the psychology of a recovery is crazy. We have a precedent for this, it happened in 1929. It has yet to sink in that 2009's Depression will be worse. More money lost, a bigger interconnected system leading to systemic failure, more people, and fewer farms and other resources to turn to in the aftermath than there were in 1929 + far more mouthes to feed. Then there is also pandemic flu to add to the mix.

clipped from 3.bp.blogspot.com clipped from dprogram.net Back in the Great Depression of 1929 through the 1930’s, we saw a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally, but then the most devastating part of the market collapse followed into the 1930’s. That Bear Market was a Supercycle degree wave (IV). The current Bear Market is one degree larger, which means it should be worse. There is great risk to the status quo political structure of governments internationally should this Bear Market follow the Zig-zag pattern. That is why gold is an attractive component investment for diversified conservative portfolios, as it has been considered a monetary equivalent throughout the ages, surviving the rise and fall of fiat currencies of nation state powers. Fundamentals are a mess at this time in the U.S. economy, regardless of all the hoopla nonsense we hear from the mainstream financial press, who hope to jawbone this economy to health, so their ratings rise.