For at least a couple of years sharp-eyed people have been warning that the U.S. economy and very possibly its political system is on the verge of collapse. The list includes famous investors like Jim Rogers, Marc Faber and Peter Schiff. Then there were the social commentators and authors like James Howard Kunstler or Dmitry Orlov. There were even some University professors and ex-politicians in this camp. All this discourse appeared only on Fringe websites and few mainstream publications took them seriously. Now however, it has all gone mainstream. Inquiring minds are invited to check out the following articles:
China alarmed by US money printing
http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html
Barack Obama accused of making 'Depression' mistakes
http://www.telegraph.co.uk/finance/economics/6147211/Barack-Obama-accused-of-making-Depression-mistakes.html
Even Newsweek ran a special on collapsing California, which in reality is still better off than Michigan or Louisana.
No comments:
Post a Comment