Un présage de ce que le paysage économique aura l'air sous peu...

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Un présage de ce que le paysage économique aura l'air sous peu...

Un indice: hyperinflation...et effondrement.


Is the future Argentina?

Ask not for whom the bell tolls...

In 1900, Argentina was one of the richest, most promising countries in the world.

Just 100 years later it was, well...Argentina.

A beautiful, cultured, wonderful place that's such an economic basket case that many of its promising young people emigrate to Mexico to find work and opportunities.

What happened to this country so rich in natural resources?

The bankers squeezed it dry is what happened.

Could such a think happen in the US?

If you're talking about the future of middle class America, yes.

And not only that, it is happening.

Listen and learn. It can happen here.

Cities Collapsing throughout the USA

“In its depth and suddenness, the U.S. economic and financial crisis is shockingly reminiscent of moments we have recently seen in emerging markets (and only in emerging markets): South Korea (1997), Malaysia (1998), Russia and Argentina (time and again).

But there’s a deeper and more disturbing similarity: elite business interests—financiers, in the case of the U.S.—played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them.”
…

Webmaster's Commentary:

Translation: this government is owned by the very forces which, through greed and duplicity, helped create the crisis in the first place.

And instantly placed on the heads of every taxpayer, a new burden of 100,000.00 to bail them out.

Welcome to the new "taxation without representation".