The American Crash
According to the GlobalEurope Anticipation Bulletin, a crash of our global economy is expected this fall, in September of 2008. The report cites the progression of the collapse of our economy, including the housing bubble and most recently, municipal bonds. It also lays out the process of “decoupling” taking place around the world, designed to protect other regions and economies from being taken down by our crash.
It’s compelling reading.
But is it accurate? In large part, yes. What we’re seeing in our economy is the faster and faster accumulation of bad news, as things slide down the hill at an ever increasing rate. Think of just a few weeks ago, when the mainstream media (MSM) were saying “there is no economic slowdown,” then remember how quickly talk turned to the probability of a “soft landing” recession. Well, they’re not talking about a soft landing anymore. Even the MSM is often caught talking in terms of dark days approaching.
What comes next? Further deterioration of the economy’s strength, turning the McCain and Obama campaigns toward Bill Clinton’s old “it’s the economy, stupid” saw as their main messages. There are those who would suggest that if Obama surges this summer, a “terrorist” attack could help the warrior McCain make up lost ground. Heaven forbid.
These economic problems are not going away by simply doing what’s worked in the past. A major and peaceful restructuring of our economy and the way we live our lives in America is the only thing that can save us.
May it come soon.
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Depression, Economy, Election, Long Emergency, Stock Market Crash, Recession
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