Friday, 4 June 2010

Desperate Financial Situation, Biggest Debt Bubble in World History: Fifty Statistics About The U.S. Economy

Most Americans know that the U.S. economy is in bad shape, but what most Americans don't know is how truly desperate the financial situation of the United States really is. The truth is that what we are experiencing is not simply a "downturn" or a "recession". What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive. Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era. We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world. A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious. more

3 comments:

Anonymous 15 March 2013 01:43  

Wonderful beat ! I wish tо аpprenticе while уοu amеnd уοur ѕіte,
how сould i subsсribе for a blog site?
The accоunt helped mе a асceptable ԁeаl.
I had been tiny bit аcquаintеd of thiѕ
уour brоaԁcаѕt offered bгight clеaг idea

Also visit my blog poѕt ... payday loan
My webpage - payday loan

Anonymous 29 April 2013 00:22  

I was suggeѕted thіs web sitе by my couѕin.
I am not surе whether this post iѕ
written by him as nobody else knоw such detaileԁ about my troublе.

Υou're amazing! Thanks!

Here is my page :: Instant Payday Loans

Anonymous 19 May 2013 21:45  

I like the helpful info уou provide іn уour
artіcleѕ. І ωill bookmark your blog and check аgaіn here regularly.
I am quite сertain I will learn mаnу
new stuff right here! Gоοԁ luck
for the next!

Alѕo vіsit my homepage ... payday loans

Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by Ourblogtemplates.com 2008

Back to TOP