After listening to "While My Guitar Gently Weeps" multiple times from Tom Petty's tribute performance at the Rock and Roll Hall of Fame to George
Harrison's at the Concert for Bangladesh in 1971 (he performed it with such fire and contempt in his eyes then). I may be under the influence of a
bit of bias (or slightly daft from the experience) but I will give the OP's question of how this may all come about:
The US economy is driven by consumerism. With Oil Prices rising unchecked and out of control, less money is available for discretionary spending. Also
large manufacturers such as the automotive industry find their product not being purchased, yet find themselves unable to adjust to consumer trends
after committing to the wrong product strategy. The answer in both instances is to reduce labor expenses while restructuring. Unfortunately this leads
to less purchasing power by the very public that the economy needs desperately to properly function.
As consumer spending (and by interpretation consumer confidence) lowers, investors gravitate to areas that more effectively produce money. So instead
of backing industry and manufacturing (which have lower return value) or guaranteed security instruments (loans from Fannie Mae and Freddie Mac in
housing, startup companies, etc.) they find themselves in the commodities market of Oil, Produce, Precious Metals and Raw Materials (which are a bit
flat right now, so not so much investment here because the consumer is Manufacturing who is reducing product and labor at the moment). Investment in
Commodities automatically increases the value due to the limited supply that is ever available at any one time, which is why the Commodities Exchange
is typically volatile (hence usually avoided) for common investors. The downside to this is of course these commodities are typically necessities for
the average consumer. The more they have to pay for these needs the less they have for discretionary spending.
Do we see a spiraling problem yet? It does get worse over time.
As unemployment and under paid employment rise (the only job that one can find quickly to have income to pay living expenses is typically lower than
their prior job) choices have to be made in personal budgets. Some allow loan payments to slip while for others it utilities. But as foreclosures
rise…the banking industry experiences some instability. It was ultimately the run on the banks that caused the Great Depression and Fear Uncertainty
and Doubt (FUD) collapsed IndyMac Bank. With banks under the gun loans become restricted to ensure the bank’s survival. The Fed could introduce a
lending rate of -5% (please take out some money, we will give you extra for free) and control remains in the hands of the bank on who gets this money
via loans for entrepreneurs, farming upgrades, new auto and home loans. FUD works both ways as banks guard their bottom line.
In the US, the people are governed by the government (local, state and federal) by their consent to be governed. This arrangement will continue so
long as the people allow it to continue. Now as tired and huddled mass, We the People may start to do a bit more than complain and beg for the
government to protect us from those that are profiting off our misery.
What will be the catalyst for us (We the People) to finally say “Alright you pant loads did nothing for us so we are going to do for ourselves and
first order of business is to remove you from sitting on your bulbous and ample behind while we pay you to do nothing while we suffer.” is
anyone’s guess really. It could happen when gas hits $5 per gallon. It could happen when the next little child falls down the airshaft of an
abandoned mine. However it does happen, the elected aristocrats in this country won’t just freely step down because we asked them to do so. It will
take the people to enact their civic duty to protect the free state (nation) from domestic enemies under the full legal and guaranteed right of the
Second Amendment. In other words, by Revolution.
Many in this thread have mentioned the parallels between the US today and Nazi Germany. I say, not quite. Look a bit closer at the ramp up to the
Revolutionary War as the Colonies became oppressed by a tyrannical government that dictated without true representation what our debt via taxation to
their endeavors was. Look at the suppression of anti-loyalist organization of the people trying to ensure their self-determination. I mean the Battle
of Lexington and Concord was over the British troops coming to capture John Hancock to “shut him up”.
So many of us today say we are ready to jump when the time is right, we just need someone to lead us. Which brings my post full circle. Have a look
at the lyrics
to “While My Guitar Gently Weeps”
I feel it is just a bit more than just a song of the time it came from if you look at from a deeper perspective since Love can mean oh so many things
And for those that don't know the song the nice cover by Tom Petty