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Because it is indeed that. As we have underlined on many occasions in the GEAB, the United States has, since the beginning of this crisis, refused to face reality (5) by having increasing recourse to financial, monetary,… (and military) subterfuge to try and mitigate the consequences of the crisis. All this however is proving to be ineffective at the end of summer 2012, in spite of the trillions of Dollars thrown down what is proving to be a bottomless hole.
Indeed all the signals are already on red: employment isn’t moving up, the jobs created are paid very much less than those lost (9), poverty is exploding throughout the country (10), … and the US multinationals (11) have increased announcements of falling profits for the second half of 2012 and 2013, returning to the levels of 2008/009, typical of a recession period.
For these reasons, LEAP/E2020 maintains its June 2012 Red Alert and estimates that, by the end of October 2012, the global economy will be sucked into a black hole against a backdrop of world geopolitics heated white-hot. Suffice it to say that the coming weeks will, according to our team, carry the planet away in a hurricane of unprecedented crises and conflicts.
Originally posted by Ericthenewbie
I hate to be the one to say it but I hope the US gets their sh*t together or just let's the economy collapse already...then we could at least start forging forward on an improved system and future....I mean you can only kick the can down the road so far!
Originally posted by Daemonicon
reply to post by Ericthenewbie
This is how I've been feeling a lot lately.
Either #, or get off the pot. Enough of the holding doom over our heads, let it hit us and allow us to rebuild, or don't.