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Thread: 50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

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    50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

    As the U.S. Congress plans for the future with all the care of a rock band in a rented hotel room, what should we expect? -Ed.

    Most Americans know that the U.S. economy is in bad shape, but what most Americans don't know is how truly desperate the financial situation of the United States really is.

    The truth is that what we are experiencing is not simply a "downturn" or a "recession". What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive.

    Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era. We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world.

    A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious.
    http://www.wvwnews.net/story.php?id=9000

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    There has been around one trillion spent in the middle east wars, one trillion spent on the bank bailouts, and another trillion is projected for the health care plan.

    The military bases in Iraq and Afghanistan are permanent. The bankers were still paying their employees bonuses the second year after the "bailout", and buying up the competition. I have not seen any small business credits proposed yet to stimulate new businesses.

    It seems like Congress is bumping the debt ceiling higher more than once per year. You know you have a problem when the bankers try to get you to stop spending money.

    Why Can’t Congress Stop Spending?

    by Rep. Ron Paul, MD

    Congress spent one evening last week debating a token measure to reduce government spending by implementing very slight caps on some future entitlements. Not surprisingly, even this exceedingly modest bill failed overwhelmingly. The process behind the vote, however, reveals just how deeply ingrained the spending problem really is.
    http://www.lewrockwell.com/paul/paul187.html

    The Offshore Outsourcing of American Jobs: A Greater Threat Than Terrorism
    by Dr. Paul Craig Roberts

    US corporations justify their offshore operations as essential to gain a foothold in emerging Asian markets. The Hira brothers believe this is self-delusion. "There is no evidence that they will be able to outcompete local Chinese and Indian companies, who are very rapidly assimilating the technology and know-how from the local US plants. In fact, studies show that Indian IT companies have been consistently outcompeting their US counterparts, even in US markets. Thus, it is time for CEOs to start thinking about whether they are fine with their own jobs being outsourced as well."
    http://www.globalresearch.ca/index.p...t=va&aid=18725
    http://www.globalresearch.ca/index.p...orName=Roberts


    I heard a good analogy on the radio that everyone cannot collect at the same time, someone has to be paying in.
    Bankruptcy talk spreads among California officials
    http://www.infowars.com/bankruptcy-t...nia-officials/

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    The Anglo machine was always based on destruction. They couldn't fix their economy so they started the second World War, came over here, bombed everything to smithereens and thus became the only nation capable of production and have been living fat off that ever since. Now the Jews stabbed them in the back (surprise! Didn't see that one coming...) by sending all the factories overseas. Their time is up. The Anglo must perish if the Germanic is to live.

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