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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: suanny who wrote (109171)	3/1/2010 10:39:21 AM
From: DebtBomb	4 Recommendations Read Replies (2) \| Respond to of 116555

They sold us out....NAFTA....they promised it would benefit America....it only benefitted greedy elites. NAFTA was the beginning. I try to keep things simple though....we're in a debt bubble....just like the debt bubble in the late 20's and 30's....only worse....because this time....we have no manufacturing left and no oil to look forward to. Also, back then, we didn't have the consumer in 14 trillion dollars worth of debt and shafted in a housing bubble. Yeah, it's a monster debt bubble this time. Remember when, if you had a second mortage....you were a loser? It wasn't that long ago. Now, people have bought 5 houses with no money down and no job. Also, people threw auto loans and credit card debt into mortages. It's a monster man. Just my opinion. ben can try to do a cover-up as much as he wants....but it doesn't change a thing! Nothing is fixed....in fact, I would argue....it's now worse than ever....they dig us deeper every single day....piling on even more debt on top of the debt bubble. Even some grade school children know....more spending and more debt is not the answer to solving a debt bubble problem.