20 deeply disturbing economic facts | Western Free Press - 0 views
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Gary Edwards on 03 Mar 12Christopher Cook sums it up nicely and points us to "The Economic Collapse", where there are 20 economic facts that are quite contrary to all the election year happy talk we're hearing from big media and big government. These facts are beyond nasty. We're looking at national bankruptcy. The kind no election year happy talk can gloss over. excerpt: More than one analyst is warning that, contrary to rosy projections, the economy is not only weakening, but headed for collapse. While I am making no predictions about what will come to pass, this is an entirely reasonable position for a number of reasons. The sovereign debt crisis alone threatens to bring down the economies of the West. The United States is holding its own now, in part because Europe's trauma is making it so that the dollar is still the world's reserve currency. If that scenario changes and there is a flight away from dollars, however, then all bets are off. And there's no one who can bail us out, the way Germany et al are trying to bail out Greece. We're too big. Our debt is too big. One of the sites that has been keeping track of all this doom and gloom is The Economic Collapse Blog. They were one of the resources I cited when making Top Ten Disturbing Facts, Top 10 Disturbing facts: The Details, Five more disturbing facts and related posts; they are very helpful. Yesterday, they produced another helpful (yet deeply disturbing) list of facts, under the title 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas. You should read all 20, and the rest of the post, but here is a selection: