Posted by According to MSNBC.com, as well as many other sources too numerous to name, the economy isn’t quite what you have been told by most Main Stream Media. MSNBC’s article talks about how millions of people are going to be out of work for as long as 5 years. Think about that.
Another nice topic you may not know about is that of the Commercial Real Estate Industry being on the brink of total ruin. What does that mean? The bank problems of last year are like losing 5 dollars on your Disneyland trip to the horror that a crash of the Commercial Real Estate Industry will bring – MANY banks will DIE. If the USA government, or many others, try to step in and save those banks with bailout cash as they did last time then they too will falter.
And what of the USA government? Several TRILLION in debt. How much exactly? Some economists have it as high as 17 Trillion. There is a magical number that we are approaching regarding debt to income ratio, and we are almost at the no going back stage.
Prepare yourselves for an economic apocalypse, which is most likely what the Mayans were really talking about – many economists put the end of the Earth economic crash, oddly enough, in 2012 – same year the Mayans predicted Armageddon. Irony is an evil bitch.
That article hits a little to close to home for my liking!
I think you’re on the right track with 2012… we used to have conversations about this in a few of my Am. Indian Studies classes, and that was in 2003/2004. Many tribes believe it will be the end of the world as we know it now, an idea that most of us were in agreement with. It’s going to be one hell of a crazy ride, that’s for sure.
Well I can’t speak to the Mayan calendar as I can’t prove or disprove an Indigenous Religion or the rudiments of said religion. However, my rationale screams, “phooey!”.
The financial gang seems to feel the worst of the Commerical crisis is history and that this is further bolstered through the less-terrible news we are witnessing within the Residential realm.
What worries me is pure debt. We hand-out $500 Billion in the span of 1.5 weeks and then Congress beats the hell out of itself for 8 months to scrape together limited proof of ancillary savings amounting to $100 billion from the hybrid Healthcare reformation. Then compare this to the current expenditures were entitlements represent 75% of every dollar and you’ve got a Congress serving two opposing masters. You can’t properly administer a Gov’t who has built-in so many entitlements (yes, you are in a Socialist State right now) as to dilute any conceivable effort to stabilize the budget for a “free people”.
Won’t work. We’ve two opposing principles at hand that has broken our system of Government. Gridlock. Crap.
Some interesting truth in this article – http://www.huffingtonpost.com/nathan-lewis/the-imf-destroys-iceland_b_276193.html?ref=email_share – which seems to be exactly what is unfolding in the U.S. as well. Privatize the profits, and publicize the debt = Fascism.