September 12, 2010
Economists peddling dire warnings that the world’s number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here.
The guru of this doomsday line of thinking may be economist Nouriel Roubini, thrust into the forefront after predicting the chaos wrought by the subprime mortgage crisis and the collapse of the housing bubble.
“The US has run out of bullets,” Roubini told an economic forum in Italy earlier this month. “Any shock at this point can tip you back into recession.”
But other economists, who have so far stayed out of the media limelight, are also proselytizing nightmarish visions of the future.
Continue reading at: http://rawstory.com/news/afp/Doomsday_warnings_of_US_apocalypse__09122010.html
Francis Fukuyama declared the “End of History” when the Soviet Union collapsed. I think he was hasty and that now we are witnessing what Marxists describe as end stage capitalism.
A society can not thrive when the top 20% control 93% of financial wealth and 80% of all wealth.
Not in a free society. Not a Free People.
Class war… Not just for the rich anymore…