IS THE US ECONOMY REALLY RECOVERING?

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Latest Breaking News - Business - Viewing: Is The Us Economy Really Recovering?

2010-10-13


There are a lot of people still asleep to what is going on in America. But we are likening it to being one of the biggest heists or bank robberies the US has ever seen. The worst part of this is that it has been taking place right in front of everyone's noses for years, they just didn't see it or realize it was happening.

Now as the truth is starting to leak out, the newspapers each week are admitting to world-class crimes, ponzi schemes, deceit all carried out and hidden by law. Its a classic example of white collar crime at its finest. Embezzlement and fraud carried out by those they we would least expect. Normally we would see them indicted and thrown in to the justice system to be punished, yet the Obama government and financiers were committing the same crimes so it was called complex legislation.

The bailouts, and the mass printing off of money has been the downfall of the US empire and it is withering away faster each day. At the beginning of the year there were talks of recession, now the smart analysts are using the "D" word! Yes, depression! We could be facing the worlds greatest depression since the 1930's.

Now that the Obama government has infiltrated their $787 Billion dollar bailout scheme, it was meant to boost the economy and mend it far and square. Yet when we look at the real figures we see unemployment hitting a staggering rate of 9.5%, banks closing, increasing house foreclosures and people worried about what could play out in 2010. It sure doesn't look pretty.

Ben Bernanke the fed chairman has consistently been getting it wrong time and again, and it seems like Obama's promise of "Yes we can" is more like "No we haven't" and many people are getting worried. The dollar has been falling rapidly and the price of gold has been skyrocketing. This is just another warning sign that people are slowly waking up to what is going on out there. There is no time like the present to educate oneself.

The plans and the promises from the Obama camp seem like they are wearing very thin. He has taken on a big burden and he has tried to do his best, but it seems that the links in the chain are slowly breaking. This is fairly obvious now as we are entering the final months of 2010.

One of my mentors once said, whenever the government and media say something, believe the exact opposite. The most reliable sources are those that are coming out of mainstream. Listen to these, study, learn and prepare accordingly. It's a powerful way to learn how to prepare and profit from the next several years.


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