Everything Is Going To Be Alright?

"Is the U.S. economy going to be okay? Well, if the only source you listened to was the mainstream media, you would be left with the distinct impression that the U.S. economy is heading toward a full recovery and that everything is going to be alright. Unfortunately, that is not the case at all. The United States is rapidly becoming poorer as a nation and less competitive in the global marketplace. At the same time, consumer debt levels are rising, corporate debt levels are rising, state and local government debt levels are rising and the U.S. government is indulging in a debt binge unlike anything the world has ever seen. Considering the insane amount of money the U.S. government has been pumping into the economy, we should have seen a much more robust recovery by now. Instead, the employment statistics have barely moved and government dependence is at an all-time high. That is really sad, because this is as good as "the recovery" is going to get. The next major economic downturn is just around the bend, and in future years millions of us will desperately yearn for the "good old days" of 2012..."

at http://theeconomiccollapseblog.com/archives/everything-is-going-to-be-alright

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Jim Rogers : when the next blow comes, we have nothing left

"Jim Rogers : "Money was too cheap and too plentiful,He caused the stock market bubble and that led to the real estate bubble and the consumer debt bubble. Now those bubbles have burst and what is Ben Bernanke — the current Fed chairman — doing? He's printing more money. Bernanke couldn't get a job as a banker. He's just a printer. That's all he knows how to do. Print money. There isn't enough trees to print all of the money Bernanke wants." "Sure, when the next blow comes, and it will over the next 18 months, we have nothing left." - in gulfnews"

at http://jimrogers1.blogspot.ca/2012/03/jim-rogers-when-next-blow-comes-we-have.html#.T3Mm6A0AJ74.pingfm