United States is Dying and on the Worst Economic Collapse
The current U.S. economy is headed for its Deepest and Longest Recession since World War II as mounting job losses take their toll on Consumer Confidence, Investment and Spending.
Economists are no longer talking about a U.S. recession but a Deep Recession after most of the statistical figures showed business sentiment continued to plummet in early February 2009.
“There seems to be a sense of a very deep-seated collapse in the economy,” said Michael Englund, chief economist at Action Economics.
What happens when the US Dollars collapses? United States have about 13+ trillion dollar consumer debt and literally making trillions of dollars come out of nowhere. Ask anyone they will tell you that Common sense would indicate that the dollar’s going to collapse to nothing.
What life’s going to be like if this happen?
At the same time, A lot of Companies Slashing Prices Like Never Before
From Clothing to Cars!
Do Expected to have more news on Job-loss, Housing, Banking Collapse and meltdown, Energy Crises Converge to Slow Growth and bankruptcy.
It is not uncommon to hear More than one Wall Street firm or investment bank has written of tens of billions of dollars in uncollectable debt today.
In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt.
Let Listen to Gerald Celente’s view on it. He’s a world respected trends research analyst and knows what he’s talking about in my opinion.
Do you think the US economy will break?
When United States sneeze, what countries will get the Worst Flu?
Is any there any country that immune from this?
How long does this Collapse will End?
Are worried about YOUR’s future and the world’s future?
You are Welcome to comments 
Related posts:
- Expect More Rough Times Ahead for US Economy?
- Jim Rogers: The Swine Flu Could Be A Disaster Collapses for the World Economy
At the risk of sounding like a socialist and/or communist sympathizer, consider this commentary which has been posted to several noteworthy internet publishing sites…
David W. Nerubucha
“The Capitalists will sell us the rope with which we will hang them.” The poignant words of this quotation were uttered by Vladimir Ilyich Lenin, the first leader of the Soviet Union early in the previous century. The verdict might have come to fruition with the $787 billion stimulus package voted for and approved by Congress, in addition to getting signed into law by President Barack Obama recently, marking the event as a milestone of sorts. Interestingly, it follows similar actions undertaken by Franklin D. Roosevelt to jump start the American economy during the time of the Great Depression. With China holding approximately 10 per cent of US reserves, including Treasury Bills — occasioned in part, by the huge trade imbalance – it makes for perfect financial sense to borrow from them. The idea of nationalization of privately run commercial banks by the Federal government should not be condemned, but, rather, it is necessary action through Federal Reserve monetary policy instruments in order to stave off dire economic catastrophes. Indeed, the Democrats are now the architects of nationalization of the American economy, by default. At any rate, the implementation – cum - institutionalization of the Federal budget programs could turn out to be a friendlier and more humane market driven social capitalism
Cheers
It does look like a long haul for the US economy… but it will eventually recover. US companies innovate the world in many areas and there are many good people there too! BTW thanks for visiting my blog
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I’ve been involved in taxations for lengthier then I care to admit, both on the individualized side (all my working life-time!!) and from a legal point of view since passing the bar and following tax law. I’ve furnished a lot of advice and righted a lot of wrongs, and I must say that what you’ve put up makes utter sense. Please persist in the good work - the more individuals know the better they’ll be outfitted to handle with the tax man, and that’s what it’s all about.