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Asset Bubble set to burst: Collapse of Economy expected“A year after the collapse of home values triggered the financial crisis and Great Recession, another rapid and irrational rise in the price of assets — whether stocks, home values, oil or something else — would seem unlikely. After all, major bubbles through history have been spaced decades, if not centuries, apart.” “Today, though, amid the wreckage of the last bubble, the ingredients for the next are still with us. The price of gold spiking to its highest level ever — $1,060 an ounce on Thursday — is one warning sign, as is the 67 percent surge since March in the Nasdaq Stock Market index.” The Associated Press (Another Bogus Website) Why have we not seen headlines shouting that CHINA our “BANKER” the holder of our debt told Obama that the Healthcare takeover is too expensive for America? Our National debt is going to hit 14.4 TRILLION this year.. but that is not the REAL debt.. it is actually 106.5 TRILLION if you include all of the unfunded mandates from Congress. We export almost nothing now compared to what we import. We don’t have the resources to pay the debt down.. Did you know if the Government took 100% of the PROFITS from the Fortune 500 companies it would only total 98 Billion dollars. Not even close. This administration is collapsing this Country. We are moving towards a One World Government and economy. The problem we will have to lower our standards of living to meet Europe.. Oh well.. I enjoyed vacations while they lasted.. Asset Bubble ready to burst.. Link S. Lindsey's blog | login to post comments |