It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

The Crash - The Coming Financial Collapse of America History is repeating itself

page: 1
0

log in

join
share:

posted on May, 17 2010 @ 10:01 AM
link   
The Crash - The Coming Financial Collapse of America History is repeating itself :

geraldcelentechannel.blogspot.com...


The Greatest Depression on Hold
"The United States brand of capitalism was in its death throes. Empire America was disintegrating. The meltdown was global in reach and few nations would escape the fallout.
Yet, in the Spring of 2009, delusion was in full bloom. The sentiment was that the global economic emergency was ending. While initially the US had been blamed for precipitating the crisis, there was no longer the fear of economic contagion. The world markets were in recovery mode, especially the emerging economies. For example, in the bellwether developing countries —Brazil, Russia, India, China (BRIC)




posted on May, 17 2010 @ 01:53 PM
link   
The problem is pretty simple actually. It called Debt.

You can temporarily stave off a pending collapse caused by Debt by borrowing some more--but that only makes the Debt bigger. It will eventually come back to haunt you again--and threaten another collapse. But this can only be repeated so many times before the Notes (i.e., Federal Reserve Notes) become worthless to both the lender and borrower.

We are on a roller-coaster, which has big ups and downs, but the track stops up ahead, where there is a 1000 foot cliff waiting for our final plunge. Enjoy the ride while you can.



new topics
 
0

log in

join