This is a absolute must-see video interview with Steve Keen, Australian economist and one of the rare dozen who predicted the meltdown.

The conversation with insights about why the Obama strategy can’t work start 13 minutes in the video:

(source: Max Keiser Interviews)

The video below, a critique of Bernanke’s policies, is also worth listening in full.

And finally, at bottom, don’t forget to watch Matt Taibi on the ‘permanent bailout mechanism’.

For textual backup, I recommend reading Automatic Earth, for example here, and also here.

It won’t cheer you up but is absolutely necessary for a good understanding of the post-meltdown environment.

Video 1:

Video 2:

Video 3: