America 's Financial Apocalypse Heralds Decade Long Depression

Economics / US Economy Sep 14, 2008 - 04:28 AM
By: Mike_Stathis

Despite attempts made by Greenspan and Bernanke, there is no way to avert the payback period that has been building for over two decades. Over this stretch, America has consumed much more than it has produced. As a result, both consumer and federal debt have ballooned to record levels. And now, the payback period is upon us. The bailout buffet won't end with Fannie and Freddie. There's a lot more where that came from because the “Fed's food courtâ€