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When will the Economy Collapse? You're Looking at It!

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When people forecast the imminent collapse of the American economy I say, "look around! This is it!"

Economists of all stripes have all commented on China's property bubble as hedge fund manager James Chanos said on the Charlie Rose show the other day, that China is "on a treadmill to hell," the same sentiments are offered by Paul Krugman and Ben Bernanke. As in Mexico, free trade has created false hopes and rampant speculation. The Chinese government has two choices: let the good times roll unhindered and hope for the best until the crash or try to throttle the economy and hope that it doesn't cause a crash. The first way a crash is certain to happen but no one can say when the second way a crash is almost certain to happen, only sooner.

When it does come it will create an economic vortex like a black hole and will swallow the whole economic universe. The fate of the United States of America is in the hands of a Chinese dictatorship. There is no divining it, there is no logic to it, only greed and power and idiocy and no one has the courage to say, Stop it. I do see in my bowl the media asking, "How could this happen?"

It happens when government no longer answers to the people and only to the people with money.
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I who am I? Born at the pinnacle of American prosperity to parents raised during the last great depression. I was the youngest child of the youngest children born almost between the generations and that in fact clouds and obscures who it is that I (more...)

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Wow!!! Talk about putting it in a nutshell! My who... by Dak on Saturday, Apr 10, 2010 at 5:14:18 PM
Unfortunately, the comparison to Weimar Germany is... by Joe Vignolo on Sunday, Apr 11, 2010 at 12:16:02 PM
Yeah Dave...Your right about space exploration and... by Jim Calderwood on Sunday, Apr 11, 2010 at 1:44:00 AM
The author is correct and this SAD analysis is pro... by crispy on Sunday, Apr 11, 2010 at 3:57:05 AM
The hippies let us know that "the ti... by Theresa Paulfranz on Sunday, Apr 11, 2010 at 4:09:13 AM
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is an illusion that was caused by the technology b... by John Sanchez Jr. on Sunday, Apr 11, 2010 at 8:43:59 AM
Crediting Bill Clinton with anything other than a ... by Perry Logan on Monday, Apr 12, 2010 at 5:41:59 AM
All you need is a rate increase on the top tax bra... by John Sanchez Jr. on Monday, Apr 12, 2010 at 8:38:15 AM
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