2010-05-29blogspot.com

" "It did collapse. It collapsed in March of 2009. The world equity markets collapsed. What they did was they propped them up. And they propped them up with stimulus packages worldwide. The United States has lent, spent and guaranteed $11 trillion, to prop up this economy. So the collapse happened. But it hasn't crashed. And we are looking for the crash to come.[..] "



Comments:

tvsterling at 03:01 2010-05-30 said:
This article does indeed call a spade a spade. What's worse the Tea Partiers & Republicans have been convinced that this Fascist coup is really Socialism. So they go around howling about Socialism but they are so ignorant that they don't even know the definition. Obama's administration is almost religiously centrist in hopes of keeping the country united but even that effort is failing. I have always thought that America's worst threat would come from the far right. My worst fears are being realized. I guess the Great Depression was a perfect storm like this too. Permalink

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