Second try to bring the U.S. dying economy to life
Published: 12 August, 2009, 05:57
Edited: 10 January, 2010, 05:06
Washington says it's preparing a second stimulus package by the end of the year, after White House claims that the U.S. economy is showing signs of improvement. But analyst Gerald Celente is skeptical about the move.
I am an average joe, with a high school education but read all I can all about economics. Along with good common sense it is pretty plain for me to see that unless we as a country, can restore some type of industrial base in the US, we will never get out of this hole we are in. All the top economists and politicans tell us feel good things and none of them want to tell the American population the truth, except for a few, which includes Gerald Celante.
The money/economy is being temporarily proped up by trillions in borrowed money and massive printing of dollars. This is not sustainable and the American people should be told the truth. The only way out of this mess is to fire the perpetrators, abolish the federal reserve, back our money with something more than a promise, Start rebuilding factories here in America and produce our way out. The days of piggy backing on China's industrial capacity must come to a close. American workers have been betrayed by their own companies, all so companies could make billions by moving their companies to slave labor countries. Now ordinary Americans are paying the price for this corporate greed/dishonesty/disloyalty. Vote the politicians out that let this happed.
As long as the undeveloped nation continue to pay interest to USA on their loans, USA will not go corrupt. Yes, that's right, Latin america, Africa and Asia pays the buffet.










I have read numerous financial forecasts that say this current "recovery" is only temporary. The graph of this recession / depression / whatever is expected to look like a "W", not like a "V". We are only on the first leg up; the next leg down is supposed to be this fall or winter. Hang on, because we are still on the roller coaster.