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Imploding Bubble Economies

By       Message Stephen Lendman     Permalink
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(4) Federal Reserve money printing can't go on forever. At some point, it'll have to resort to jawboning and market manipulation, but those tactics have short to intermediate-term shelf lives.

(5) America's debt will keep increasing dramatically "as tax revenues are already in the process of collapsing..."

(6) Like his 2009 jobs plan, Obama's new one won't work even if Congress approved it which it won't.

The combination of the above elements "will trigger (a) major financial shock," perhaps much greater than in 2008.

Financial expert and investor safety advocate Martin Weiss agrees, saying:

"We stand on the threshold of one of the most dramatic financial disasters of our lifetime."

Greece's imminent default "threaten(s) the largest economies in the history of civilization - the European Union and United States."

Financial analyst Claus Vogt believes growing numbers of German politicians and European central bankers realize "Greece is long past the point of no return."

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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