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bubbleturbo

It’s Official: The Crash Of The U.s. Economy Has Begun

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Sorry if already posted. I enjoyed it:

http://www.globalresearch.ca/index.php?con...va&aid=5964

It’s official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite.
Key to what is going on is that the Federal Reserve is refusing to follow the pattern set during the long reign of Fed Chairman Alan Greenspan in responding to shaky economic trends with lengthy infusions of credit as he did during the dot.com bubble of the 1990s and the housing bubble of 2001-2005.

This time around, Greenspan’s successor, Ben Bernanke, is sitting tight. With the economy teetering on the brink, the Fed is allowing rates to remain steady. The Fed claims their policy is due to the danger of rising “core inflation.” But this cannot be true. The biggest consumer item, houses and real estate, is tanking. Officially, unemployment is low, but mainly due to low-paying service jobs. Commodities have edged up, including food and gasoline, but that’s no reason to allow the entire national economy to be submerged.

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Sorry if already posted. I enjoyed it:

http://www.globalresearch.ca/index.php?con...va&aid=5964

For the record if it hasnot been mentioned on site here yet, I was reading a newspaper article (Daily mail I think) today about US internet spending taking a dive. Seems the yanks have fallen out of love with the convenience of shopping on the internet and want to get back to the hustle and bustle of the high street/mall. No mention of them having run out of money having maxed the cc's out.

Going to happen here next apparently.!

Could be significant but you just cant tell these days?

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