By Robert Singer

The American dream based on unrelenting consumption fueled by technological progress and economic growth must eventually die.

The U.S. economy has been untenable in this regard since at least 1980 and may soon be forced to shut down.

Even the people who have jobs are scared, and scared people don't shop. And the ones who don't have a job and are scared for sure don't shop. A quarter-century of economic growth has been wiped out worldwide in just a matter of months.

Vice President-elect Joe Biden is worried, and Obama himself refers to the current crisis as “the greatest economic challenge of our lifetime.” [1]

The world is engulfed in a global economic crisis of staggering ferocity.

Making matters worse, a government "by and for" the American people may not be prepared for the social dislocation, economic despair and breakdown in law and order that is likely to ensue.

May 2010: Unemployment Rate is 9.7%

The U.S. Department of Labor now admits that in addition to the 15 million people counted as officially unemployed, the number of people so discouraged that they have quit looking for jobs is 8.8 million.

Is the total number of unemployed now 23,800,000?

No.

The newly defined “de-facto” unemployment rate does not include all the categories of people who are no longer in the labor force, in other words, the under-employed, the marginally employed, and the part time job seekers who can no longer find work.

Data from The McKinsey Global Institute estimates the real de facto unemployment rate in the United States would be 24.52%.

Thus, there are 37.7 million, not 15 million, or even 23.8 million Americans who are no longer working or looking for work, and that figure is before the Federal Reserve kicks Brian Deese into high gear. [2]

Since there is not enough police, National Guard or military to keep order when 37 million people panic, Barack Obama will restore order by telling his followers standing in lines that this nation, unlike in the past, will put its hands on "the arc of history and bend it once more toward the hope of a better day."

As a president elected in a landslide by young and old, rich and poor, Democrat and Republican, black, white, Hispanic, Asian, Native American, gay, straight, disabled and not disabled, Obama will lead the nation out of its unsustainable American Dream and into a great new depression.

Even with evidence to the contrary, Americans believe government is suppose to take care of them because "it's their job." In an environment of homelessness, poverty and suffering, millions of unemployed Americans will forget their 60 years of unprecedented prosperity--at the expense of the Third World and the environment--and look for someone to blame.

But they won't find a Bush, Clinton or even a Ronald Reagan in Washington. Instead, sitting in the Oval Office will be King Barack Obama, telling us to return to our homes, cars or tent cities.

The newest leader will, in fact, be followed because this time Americans believe their dreams came true in 2008 when Barack Obama was elected the 44^th President of the United States.

We hope and pray Obama wants to put us back to work and reclaim the American Dream but the new rules of capitalism call for an American Nightmare.

Barack Obama, an unknown senator four years ago, is not one of "us." He travels in the same circles as other members of the super-secret Skull & Bones society of Yale University who pretend to be running for president every four years. The decision to make Obama Commander in Chief of the collapse was made four years ago; the November election was a formality [3].

To believe otherwise is to ignore the Bradley/Palin effect, the voting machines that flipped ballots before the voter left the booth, and the decision by John McCain to wait until his concession speech to shed the image of a nasty "grumpy old man."

In September 2008, when the Obama campaign seemed to be slumping and their candidate's long-standing lead in the polls had evaporated, the senator's supporters openly worried that a potential victory might be slipping away. Then providence joined the campaign: the failure of the giant investment bank Lehman Brothers followed by a global financial meltdown which began in the month of October. [4]

"If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy," on Nov. 4, 2008 you received your answer: It did not matter who you voted for because it was already written: Barack Obama would be the President of the United States by a landslide.

Instead of being the “most dangerous man in America”, the Candidate for Change and Hope will be the “most remarkable leader the world has ever seen”--intellectual, oratorical, governmental and a genius who will guide us through the greatest calamity the world has ever seen.

Thanks to Barack Obama, a 21st century Martin Luther King, there will be chaos, but not anarchy.

The really inconvenient truth is this: The 600 detention centers built by the Halliburton subsidiary KBR do not have the capacity to hold the 37 million Americans who will be out of work, out of home and out of food.

Will they be out of hope?

Robert Singer writes about Secrets, Sentient Creatures and The Federal Reserve at The Peoples Voice and The Market Oracle (http://twitter.com/rds2301)

Footnotes:

[1] From The Bank of the Fed is Closed…Forever by Robert Singer

As of October 2008, the men behind the Federal Reserve, all connected to the House of Rothschild, are no longer giving up what’s left of their real wealth so the middle class can live the American Dream, a nightmare for the planet.

Brian Deese, special assistant to president Obama for economic policy, in his first government position, shuffles back and forth from the West Wing to the Treasury Department rewriting the rules of American “capitalism” as he dismantles the US Housing, Automobile Industry and the American Dream. (The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger)

Deese’s First Rule: Withdraw Credit and Liquidity:

Causing spending to fall even further, forcing companies to cut back on inventory and staff - Creating even more unemployment…286,000 jobs eliminated bringing the total to 37.7 million Americans who are no longer working or looking for work.

And that’s before the recently announced “planned three-year budget freeze on government discretionary spending.”

[2] The 31-Year-Old in Charge of Dismantling G.M. by David E. Sanger, The New York Times: May 31, 2009

[3] Why Joseph Biden will be the Next Vice President of the United States by Robert Singer

[4] October Crashes, Black Monday 10/28/1929, Black Monday 10/18/1987, Soviet Union Black Friday 10/18/1991 and Black Tuesday 10/29/2008