19 Signs Of Very Serious Economic Trouble On The Horizon
We should enjoy these last fleeing moments of tremendous prosperity for as long as we can, because when they are gone they won't be coming back. As I noted the other day, all of this false prosperity in the United States has been financed by the 15 trillion dollar party that we have been enjoying. We are adding about 150 million dollars to our debt every single hour so that we can continue to enjoy an inflated standard of living. Unfortunately, nobody in the history of the world has ever been able to keep a debt spiral going indefinitely, and our debt bubble will burst eventually as well...
Right now the U.S. government can still borrow trillions of dollars at super low interest rates thanks to games being played by the Federal Reserve. But it is simply not possible for this Ponzi scheme to last too much longer. When it ends, the pain will be extremely great.
And even in the short-term there are some extremely troubling signs for the U.S. economy.
The following are 19 signs of very serious economic trouble on the horizon....
Comment: The establishment or, if you want so, some secret powers, have decided that Obama may stay in office earstwhile. Re-electin should happen in a more optmistic atmoshphere in order to verify the polling results although actual voting and the published results are not necessarily the same.