The Straw That Broke the Back of the American Economy

[Свободный Ион]

As many of you know, we have an $18 trillion dollar debt, a $240 trillion dollar debt, a $200 trillion dollar consumer credit debt and we have the ultimate elephant in the room, the one quadrillion dollar derivatives debt. In a country that imports 20% of its food supply, it was reported yesterday by KTAR 92.3 FM (Phoenix) that massive amounts of food are rotting on ships waiting to be offloaded and the docks awaiting shipment.

We should be wondering how much more can the economy take? What will be the straw that breaks the camel’s back?

@темы: link, US, economy