DEPRESSION CONTINUES ADVANCING, lets look at the end.

Dave Bakke's column in the State Journal-Register is a testament to my previous blog post.

•Illinois State Journal-Register 2/21/2010 [ http://www.sj-r.com/bakke/x723437528/Dave-Bakke-I-like-living-here-but-why ]
•SPFLDnet.blogspot.com 2/10/2010[ http://spfldnet.blogspot.com/2010/02/depression-advancing-at-imperceptible.html ]

The downward spiral of the economy is self-sustaining.

Laid-off private-sector workers = less consumerism = less tax revenue = laid-off public-sector workers = less consumerism = laid-off private-sector workers.

The cycle repeats. This cycle will continue to repeat until there is nothing left but land owners with natural resources that are still in demand. That is unless those who control the government begin to arbitrarily seize land so they can pay their own ridiculously high government salaries and pensions.

Government salaries in the upper levels will increase drastically because they can see this coming. Once they retire they can sit back and just let the money flow into their coffers.