It's Official: The Crash of the U.S. Economy has begun

It's Official: The Crash of the U.S. Economy has begun

www.inteldaily.com

It’s official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite.

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I think "Option 3" will happen. What are your thoughts?

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option 3 will never happen.

people are too dependant and lazy to do anything about this.

option 1 is the way it will go. smile and wave.


the population, especially in the states, is too high, there is not enough fresh water and food to feed everyone. do you think canada is just going to give you water without the US paying its bills.... ya they probably will, your right. but still...


No offense, but as a canadian i do not want the US leaching off of us because they couldnt keep it together. they made their own bed, now they can sleep in it. Canada better think fast and close the border, before this goes bad.


canada is going to be the kings of america, how about that, suckas

Britain always gets its land.

Things are not looking as good as they'd have us believe

U.S. Mortgages Enter Foreclosure at Record Pace (Update5)

By Kathleen M. Howley

June 14 (Bloomberg) -- The number of Americans who may lose their homes because of late mortgage payments rose to a record in the first quarter, led by subprime borrowers pinched in an economy that grew at the slowest pace in four years.

The share of all mortgages entering foreclosure rose to 0.58 percent from 0.54 percent in the fourth quarter, the Mortgage Bankers Association said in a report today. Subprime loans entering foreclosure rose to a five-year high of 2.43 percent, up from 2 percent, and prime loans rose to a record 0.25 percent.

The median U.S. home price probably will fall this year for the first time since the Great Depression in the 1930s, according to Lawrence Yun, a National Association of Realtors economist. Tumbling prices make it difficult for people who fall behind in loan payments to escape foreclosure by selling, said Doug Duncan, chief economist for the Washington-based bankers' group.

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I wish Al Gore would run for president. He's one person who understands these issues, cares about fixing these problems and knows the people and mechanisms to actually get things going.