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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (19329)	10/3/2004 10:02:11 AM
From: Rarebird	Read Replies (1) \| Respond to of 110194

<another 20% will not bring huge problems if it is orderly> The blunt global fact is that the USA can no longer stop its own internal credit expansion. To do so would bring about a sharp backwards slide of the US GDP, with an accompanying fast slide into an internal economic recession. If the US banking and financial systems could not handle that, the situation would compound into the bankruptcy of many lenders, in turn deepening the US recession with a high likelihood of driving the US economy into real economic depression territory. The US political establishment knows full well that such an outcome might make them lose their current hold upon the American people. At a minimum, it will certainly make many or most of the current political actors lose their hold on their high offices. That is why neither US establishment figures nor US politicians are telling the economic truth to the American public. It also why the people who could have acted to change US policy, the establishment and its front actors, already know that their own futures are at stake if they stop or even decelerate the US credit surge.