"When the country lives beyond its means... What happens then is that the Govenment resorts to printing money... and if you print too much money the value of the dollar is going down." - Congressman Ron Paul
3. The Great Unwinding
Why the United States is headed into the 2nd Great Depression.
Part 1. January 19, 2008
(4 Part Radio Broadcast Series - Windows Media Player Links)
http://www.financialsense.com/
4. A Royal European Think-Tank
2008 – After the mortgage loans crisis, here comes the corporate debts crisis. It is now the time of company profits to be directly and suddenly affected by the ongoing recession, as they are caught in the crossfire between insolvent consumers and banks in a state of shock…
2008-2018 – Ten year minimum to get out of the Very [2nd] Great Depression.
2008-2018 – Ten year minimum to get out of the Very [2nd] Great Depression.
Whether they like it or not in Washington and New-York makes no difference: the unfolding Very Great Depression is of historical dimension and will require to invent exceptional measures with no equivalent in any of the US policies conducted since the 1930s…
7. American Middle Class
The American Middle Class, sheep to the slaughter house?
Notice the "herd effect". Once a group of sheep begin moving into the building to get slaughtered the rest 'blindly follow the herd'.
The United States is $53 Trillion in DEBT
"We face a TSUNAMI of spending due to the baby boomers. The total debt [in 2008] is estimated at $53 Trillion, that's $175,000 per person." - David Walker Comptroller of the United States.
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