Wednesday, December 17, 2008

The Robust US Economic Black Hole

The Robust US
Economic Black Hole
By Karl Schwarz

12-17-8

I have followed the work (and warnings) of Dr. Martin Weiss, PhD for years. Some do not like the doom and gloom tone of his emails but if one pays attention, the man does his homework, his research and draws the correct conclusions well over 90% of the time.

I even cited some of his research and prognoses in Chapter 4 of 'One-Way Ticket to Crawford Texas', because he was right then and now. What he was predicting back in 2003 and 2004 was to what extent the US policies were setting the stage for a massive collapse of the US economy. The key elements to break, crush and leave the US economy in shambles were being put into place all in the name of Free Trade, and globalization, but with no regards for job creation at home to keep the "consumer based economy" going.

Even while the foundation of the US economy was crumbling, all DC and the Federal Reserve could come up with was cheap money and let Americans keep shopping to keep the illusion alive. Even the true CPI and inflation numbers were falsified in taking out the cost of energy and cost of food as being inflationary. Even the false but rapidly increasing prices of new homes were not factored in for the most part. Shop America, it is good for America!

The problem was they introduced the Global War on Terror, too, and that caused the dominoes to start falling, the house of cards to come crashing down. ...

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