Partypup: It’s not crackpots that are now shouting about this, either, it’s well respected folks like Jim Grant who are pointing out what is now becoming painfully obvious: The US is insolvent, our financial system is broken beyond repair and we’re resorting to all sorts of chicanery to keep this house of cards propped up.

Now the question becomes: Will the media function as a true watchdog and bring the truth to light, or will they join Obama in a massive spin campaign to obfuscate the facts or downplay the significance of all of this?

I mean, Jesus! We are watching the systematic and systemic dismantling of the entire United States and we’re completely passive about it. I read an article today about the rise of the Right and Far Right in Europe and the parallels to the 1930s are chilling.