posted on Jan, 9 2011 @ 05:22 AM
In a new article entitled "American Profligacy and American Power: The Consequences of Fiscal Irresponsibility", CFR president Richard N. Haass
and his co-author Roger C. Altman use language that is so strong that you would think that they were a couple of half-crazed Internet
The Council on Foreign Relations is now even starting balk at the amount of debt America is racking up. It would seem that nowadays pretty much
is getting a case of the 'heebie-jeebies' because of the American financial train wreck that is coming. Make no mistake, it will be
absolutely terrifying and if you look at the numbers being thrown out by multiple sources on America's debt crisis, there's a not a lot of hope left
for the foreseeable future. If the CFR is freaked out,you know
things are not good.
All of the economic stability in other countries so far seems to lead to austerity measures and I doubt America is immune from such treatments. The
way it's looking,any measures which were demanded by the banksters would probably lead to social chaos on a grand scale. Look at how angry people are
over the incredibly harsh measures which are being adopted in Ireland now and you can imagine how things would play in America.
If America wants to survive,it's going to have to start cutting away the rotten meat such as Fannie and Freddie and let both companies and banks alike
die of their own foul deeds rather than continuing to prop them up so a massive re-organization of the country's financial system can begin.
There's going to immense pain on the horizon no matter which way you slice it. The fallout from the coming woes in America are going to send
shockwaves throughout the rest of the world. I think the point of no return on this financial situation has been reached. It looks like it's no longer
possible for America to reach the escape velocity needed to safely distance itself from the massive financial black hole it's created.
I've said before, I'll say it again:time to pack it in and head out while you still can. If you've got a Plan B,now's a good time to start putting it
edit on 9-1-2011 by FlyingJadeDragon because: typo-misspellings