the recession seems to turn into a real deep depression day after day despite the bailouts , the stimulus packages and the mountain of newly printed US dollars by the FED , which are backed by nothing except the assumption that foreign investors will keep on using the dollar as a reserve currency and they will lending America billions each year and will keep on purchasing US treasury bonds ...how long could this comedy ever last , when the world will realize that the American economy is a giant Ponzi scheme , a pyramid of debt ready to collapse they will run away from the dollar and America will wake up broke and in debt to its neck ...doomsday scenario or pessimism porn ? no this simply the reality and the consequence of decades on economiuc missmanagement crazy spending endless borrowing and living beyond its means , the wealth of next generatoions to come of yet to be born americans have squandered , billions have been lost in hazardouse military adventures the empire is collapsing and we have yet to see a bottom to all this ...
here is an article from Reuters India about the collapse of auto sales in Amereica
Link:
