Oh really Mr Biden? Did we all misread the current state of the economy. I'm not so sure. I, along with many others who have more knowledge about the
matter than I have, have been predicting another great depression since many years. Officially speaking, at a 10% unemployment rate is among the
factors defining a depression. The US unemployment rate is far beyond 9,5% as the official figure for instance doesn't include prisoners, accounting
for 2 million unemployed people.
Biden and others mislead the people, they didn't misread the dangerous state the economy is in. Next time you watch TV, watch very carefully when
politicians speak about the economy. You'll most likely see them saying something like 'perhaps there might be an improvement next
year. Normally, politicians want to reduce the risk of chaos and hence, they will not say what Biden has now said.
The fact that Biden speaks about the severity of the situation should make you think of what is about to come. It doesn't look good; you better
prepare for the worst. Due to globalization, this crisis is going to be worse than last great depression.
rawstory.com
(visit the link for the full news article)
[edit on 5-7-2009 by Mdv2]



