Thursday, February 28, 2013

Why is "Domino" relevant?


I'm going to make this short...perhaps not sweet, but short.

In 2008, the United States led the world in entering the financial crisis, due to vastly over-valued real estate (read "homes, etc."), extremely risky financial dealings, and corruption.  Thousands and thousands of people lost their homes, thousands and thousands of people lost their jobs.

In 2012, having only partly recovered from the economic crisis of 2008, the United States passed through two moments of brinkmanship when we were on the "fiscal cliff."  Each time, at the last possible moment, Congress and the President managed to find a solution that avoided our falling over it.

As of this writing, the United States is less than 24 hours away from "sequestration," which is something that could well produce another and perhaps more serious financial crisis.

Is Domino:  Caught in the Crisis relevant to the United States?  You bet it is.

I could pepper this short article with photos of closed businesses and homes in foreclosure, but I've already posted those, you've seen those for yourselves, and I think it unnecessary to repeat them.

OUR NEXT BLOG POST will be about the CD release in the flamenco festival

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