Where is the US economy headed?

We at least need someone as President who is able to count past ten without removing his or her shoes and socks.

the recently released meeting minutes showing that almost no one running the Fed in 07 had any idea of of the calamity which was in the process of running us over puts an end to the argument of some here that this economy is under the control of experts.

Banking doesn't have to be complicated. Somebody comes to you asking for a loan. You analyze whether that person can pay you back, and if so lend the money. But we have made it unduly complicated. And those who assure us that it's all for the best are far from expert in my book

Show us who made such a claim?

In December 2007, the month that the recession is now known to have begun, Fed officials were working from economic projections that would prove wildly inaccurate. They forecast sluggish but sustained growth in 2008 followed by a bounceback in 2009. Staff economist Dave Stockton acknowledged that his was a more optimistic view:
“Our forecast could admittedly be read as still painting a pretty benign
picture: Despite all the financial turmoil, the economy avoids recession and, even with steeply higher prices for food and energy and a lower exchange value of the dollar, we achieve some modest edging-off of inflation.”
He then joked, “So I tried not to take it personally when I received a notice the other day that the Board had approved more frequent drug-testing for certain members of the senior staff, myself included. I can assure you, however, that the staff is not going to fall back on the increasingly popular celebrity excuse that we were under the influence of mind-altering chemicals and thus should not be held responsible for this forecast. No, we came up with this projection unimpaired and on nothing stronger than many late nights of diet Pepsi and vending-machine Twinkies.” (Ylan Q. Mui)

One Fed member sounding the alarm of problems in the housing market in October 30/31 2007 was Boston Fed chair Eric Rosengren. While he conceded that there was no direct evidence of a slowdown, “the distribution of risks around that outcome for growth remains skewed to the downside.” He added, “In fact, our forecast for residential investment has become sufficiently bleak that there may actually be some upside risk to it,” prompting laughter around the room (again, Fed humor is strange).
Rosengren’s forecast grew more and more prescient as the meeting wore on. “Particularly worrisome has been the announcement of significant downgrades of tranches of CDOs and mortgage-backed securities with large exposure to the subprime mortgage market,” he warned. “Not only have the lower tranches experienced significant downgrades, but a number of the AAA and AA tranches have been downgraded to below investment grade…The number of the downgrades, the magnitude of the downgrades, and the piecemeal ratings announcements all are likely to call into further question the reliability of the ratings process.”
Rosengren was the only committee member sounding the alarm about the possibility that the rating agencies were giving top grades to junk debt. Of course, that turned out to be exactly right. (Dylan Matthews)

But the fed doesn't loan money to persons.

the bosses allowing the creation of a derivative market that is 20 times global GDP when no derivative markets are required to run the economy efficiently is a much bigger crime. everybody was in on turning banking into a Vegas operation, but it is government and the fed bosses who will get most of the blame when loses from the unnecessary bets kills off our economic system and plunges the world into a long depression.

but the bosses allowing the creation of a derivative market that is 20 times global GDP when no derivative markets are required to run the economy efficiently is a much bigger crime.

No, they just loan money to banks who have loaned money irresponsibly when those banks get in trouble.

You just supplied info that contradicts what you claimed in the post I questioned.