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Economy News for Fri 7 Jan 2011

Posted by Cheryl Nelson on January 7, 2011 at 8:16pm in Economy
Self Reliance And Survival
 
Regulators Close Florida Bank; 1st For The Year
 
Slow Growth In Jobs Shows Challenge Ahead
 
Consumers Boost Borrowing In November
 
Bernanke:  4-5 Years To Reach Normal Unemployment
 
Confirmed:  We Are Literally On The Brink Of Catastrophic Collapse
 
Not For Profit (Mogambo Guru)

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  • edina January 10, 2011 at 6:18pm

    Here's a key phrase out of the article, Confirmed: We Are Literally On The Brink Of Catastrophic Collapse

    It’s a Catch 22 and there’s no way out.

    Defaulting on or inflating away our debt are the only viable solutions. Both of these will lead to the same end - a complete and total collapse of the way of life Americans have become used to.

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