
I've been worried about the economy since, well, pretty much since the WTC buildings fell. Remember the small businesses that went under? But, somehow, the illusion was maintained and things came back.
Now we are in the middle of a housing loan crisis and CitiBank was recently bailed out by Abu Dabi and it stands now that 30,000 to 47,000 jobs will be lost soon because of this.
The dollar and stock market have been on downward turns but have only returned due to oil speculation and the bail out of CitiBank.
Mike Ruppert, author of "Crossing the Rubicon," has stated the Wall Street runs on drug money. He also asserts that the actual value, as of five or six years ago when I heard him lecture, was around 40% of what it is claimed to be.
Add that in with two illegal wars that have cost $1.6 trillion. Now, little of that has REALLY been paid. It is actually being fought on credit. So there is a whole lot of empty money that undoubtedly has some sort of effect on the economy.
Add in an attempt at a third illegal war with Iran, now mind you, this administrations ATTEMPT has cost a lot of money and I seriously doubt they will just back out of this investment in war.
Venezuela has threatened to cut off oil should the U.S. start an illegal war with Iran, which will skyrocket the price of gas. Castro has told Chavez to expect an attempt at a U.S. assassination of him, probably in an effort to curtail the cutting off of oil when the U.S. starts it's illegal war with Iran.
The reality on the ground is the U.S. economy is starting to falter. I don't think there will ever be any real recovery. What does that mean to all of us here at or near the bottom, as it were? That is why I have invited Jim Craven to discuss the economy on "Mitakuye Oyasin." He is the only economist I know of that will be HONEST!
Saturday, December 1, 2007
Hang On Tight! I Think We're Gonna Crash!
Posted by
Eugene
at
1:18 AM
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