AMERIKKKA: A SHARECROPPER'S SOCIETY
What do the Australian Treasury Secretary and the Chief Economist at investment banking giant Morgan Stanley have in common?
-----BOTH ASSESS A HIGH DEGREE OF PROBABILITY OF A U.S. "ECONOMIC ARMAGEDDON". As reported in The Australian, Dr.Ken Henry, the Australian Treasury Secretary, now warns of the dangers of the SEVERE CONSEQUENCES OF U.S. DEFICIT SPENDING! Dr. Henry points out that the U.S. is running a trade deficit of 600 BILLION and a Budget Deficit of 430 BILLION for 2005.
Dr. Henry says that the TIDAL WAVE of U.S. borrowing and overspending is "WORRYINGLY REMINISCENT OF FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN'S WARNING OF IRRATIONAL EXUBERANCE IN U.S. STOCKS."
The International Monetary Fund's managing director, Rodrigo De Rato, also warns of MAJOR PROBLEMS AHEAD! Mr. De Rato says the free fall in the Dollar is a "TIMELY WAKE-UP" and that the days of "easy credit" for U.S. over borrowing and overspending are highly "UNLIKELY TO CONTINUE." Dr. Henry says that just as with the DOT COM BUBBLE of the 1990's, one could not pinpoint the exact moment the bubble will burst, but BURST IT WILL!
Recently, behind closed doors, and with the PRESS DENIED ENTRY, the Chief Economist of the investment banking giant, Morgan Stanley, Stephen Roach, told a stunned group of INSIDERS that there is only a 10 percent chance that the U.S. can avoid an "ECONOMIC ARMAGEDDON"!
Do you like those odds? Did your financial advisor, LIKE MAD'S WHAT-ME-WORRY BOY, fail to FACTOR IN THE WORST DEBT BUBBLE IN U.S. HISTORY? Morgan Stanley's Chief Economist points out the alarming fact that to finance its current deficit, THE U.S. IS BORROWING FULLY 80 PERCENT OF THE ENTIRE WORLD'S NET SAVINGS!
This is UNSUSTAINABLE! There have been only two DEBT BUBBLES in the last One Hundred years in the United States. The FIRST DEBT BUBBLE was in the 1920's to 1930's boom-and-bust Cycle
---and the SECOND DEBT BUBBLE is TODAY!
The DEBT BUBBLE BURSTS when the Debt reaches an UNSUSTAINABLE MULTIPLE of what the whole country can produce in goods and services. This is exactly what happened in the 1920's-1930's DEBT BUBBLE and THIS IS EXACTLY WHAT IS HAPPENING IN THE DEBT BUBBLE TODAY
-----THE WORST DEBT BUBBLE IN U.S. HISTORY! The ECONOMIC FACTS about DEBT BUBBLE MECHANICS are glossed over by the mass media and what the vast majority of the misinformed public doesn't know could SEVERELY AFFECT THEIR PERSONAL WEALTH IN THE NEAR FUTURE!
Find out the facts that could make the difference in preserving what you have built up during a lifetime of hard work!
Call WHITEHURST INTERNATIONAL AT 1-866-696-2646. ASK FOR GEORGE.
Billionaire Warren Buffet warns that the U.S. Trade Deficit is allowing the nations with whom we are running a Trade Deficit to literally BUY THE UNITED STATES!
"Other countries and their citizens now own a net of about $3,000 BILLION OF THE U.S.," says Buffett! Warren Buffett predicts that this could result in the U.S. becomming a "SHARECROPPER'S SOCIETY"
---a society in which AMERIKKKANS pay a large percentage of their future earnings to ABSENTEE LANDLORDS FROM OTHER NATIONS!