The American Dream Has Left The Building

Do you still believe in the American economy? Consider the following facts:

-Fannie Mae and Freddie Mac have FAILED.

-The reserves of our local banks are gone.

-Our banks have had to borrow an insane amount of money from the Federal Reserve just to stay afloat.

-The federal government of the United States is almost 10 TRILLION dollars in debt.

-Total credit card debt in America is now over 790 billion dollars.

-Millions of our jobs are being "outsourced" and factories are being closed.

-Home foreclosures are at an all time high.

Still don't believe me?

The four charts in the following article will tell you everything you need to know about why the good life in America has gone "bye bye" and will not be coming back:

shatteredparadigm.blogspot.com...

Yes, things may not look well, but do you care to specify one issue. Sure things have gone to the dogs, but its recoverable, and that is why I'm planning to go into politics.

You sound pretty pessimistic, cheer-up, well have a new president in a few months.

Cheerio!

truth_seeker3

this whining gloom and doom sure does seem logical (not)

its one to complain and bellyache, its another to offer at least a weak solution...

why, whatever will we do?

any suggestions?

I know what I'm gonna do. Buy a condo on some Mexican beach, put all my money into euros, invest in American surveillance companies, sharpen up my Espanol and watch the collapse from afar while I sip a cold Corona
and swim in the warm Pacific.

Anyone that thinks that a new president is going to make a tinkers damn in this screwed up economy are just fooling themselves. The economy is actually much worse than we have been led to believe, but the PTB are painting a rosey picture to keep up the illusion of stability and strength.
As banks continue to fail and people lose their life savings; expect to see blood in the streets.

People in the US will soon have to take out a second mortgage just to fill up their SUV's. And this winter will see people having to make a choice weather to buy heating oil or groceries or medicine. America is not a good place to be old and poor.

It's a brave new world, welcome to the monkey house.






[edit on 8-9-2008 by whaaa]

[edit on 8-9-2008 by whaaa]