An extremely technical realistic economic analysis of the US economy.
The economic tsunami planned by the Bush administration is probably only months away. In just 5 short years the national debt has increased by nearly 3 trillion dollars while the dollar has continued its predictable decline. The dollar has fallen a whopping 38% since Bush took office, due largely to the massive $450 billion per year tax cuts ...
... This same Ponzi scheme has been carried out repeatedly by the IMF and World Bank throughout the world; Argentina being the last dramatic illustration. (Argentina's economic collapse occurred when its trade deficit was running at 4%; right now ours is at an unprecedented 6%.)
here by MIKE WHITNEY.
In my opinion and as an exterior economic spectator, a rational investor would move his investments to the China, eastern EU and anywhere which has an isolated, dollar free and non globalized economy ( except ME ). with such idiot administration, I think sooner or later US economy will bankrupt.