T.H.E.M.
¨We believe in the judgment; we believe this first judgment will take place as God revealed, in America...¨
T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
ATOMIC ECONOMY, THE BEGINNING OF THE END
GREETINGS,
WE CONTINUE TO INFORM YOU ABOUT THE PENDING DOOM OF AMERICA.AMERICA IS SO ARROGANT THAT SHE WILL NOT ADMIT THE TRUE SCOPE OF HER LOSES UNTIL YOU SEE THEM ON YOUR HEELS(AND BY THEN ITS TOO LATE FOR HER & YOU).SHE CONTINUES TO LIE ABOUT AN ECONOMIC RECOVERY.SHE CONTINUES TO LIE ABOUT HER SOLVENCY.SHE CONTINUES TO LIE ABOUT EVERYTHING THAT PURTAINS TO HER ECONOMIC AND MILITARY HEALTH.
SHE IS THE MOST WICKED OF THE ANGLO NATIONS.EVEN AS WE SPEAK SHE CONTINUES TO WALT DISNEY(MAKE UP THINGS TO ENTERTAIN) HER OWN PEOPLE ABOUT THE SERIOUSNESS AND DEPTS OF WHAT IS NOW UPON HER.THIS IS INSANE AS IT WILL ANS IS CAUSING THE DESTRUCTION OF AMERICAN CIVILIZATION.
I WOULD LIKE FOR YOU TO READ THIS SHORT ARTICLE PUBLISHED BY REUTERS(YES,THE REUTERS THAT IS SUPPOSE TO COVER THE NEWS).READ IN BETWEEN THE LINES BUT ABOVE ALL FOCUS ON THE WORDS IN THE LAST SENTENCE.
Route To Recovery
A team of Reuters journalists toured America in November 2009 to examine the impact of the recession and the prospects for recovery.
U.S. growth prospects deemed bleak in new decade
ATLANTA (Reuters) – A dismal job market, a crippled real estate sector and hobbled banks will keep a lid on U.S. economic growth over the coming decade, some of the nation’s leading economists said on Sunday.
Speaking at American Economic Association’s mammoth yearly gathering, experts from a range of political leanings were in surprising agreement when it came to the chances for a robust and sustained expansion:
They are slim.
Many predicted U.S. gross domestic product would expand less than 2 percent per year over the next 10 years. That stands in sharp contrast to the immediate aftermath of other steep economic downturns, which have usually elicited a growth surge in their wake.
“It will be difficult to have a robust recovery while housing and commercial real estate are depressed,” said Martin Feldstein, a Harvard University professor and former head of the National Bureau of Economic Research.
Housing was at the heart of the nation’s worst recession since the 1930s, with median home values falling over 30 percent from their 2005 peaks, and even more sharply in heavily affected states like California and Nevada.
The decline has sapped a principal source of wealth for U.S. consumers, whose spending is the key driver of the country’s growth pattern. The steep drop in home prices has also boosted their propensity to save.
“It’s very hard to see what will replace it,” said Joseph Stiglitz, Nobel laureate and professor of economics at Columbia University. “It’s going to take a number of years.”
One reason is that U.S. consumers remain heavily indebted. Consumer credit outstanding has fallen from its mid-2008 records, but still stands at some $2.5 trillion, or nearly one-fifth of total yearly spending in the U.S. economy.
Another is that many of the country’s largest banks are still largely dependent on funding from the U.S. Federal Reserve and the implicit backing of the Treasury Department.
Kenneth Rogoff, also of Harvard, argued that if the U.S. government ever “credibly” pulled away from its backing of the financial system, then a renewed collapse would likely ensue.
He cited government programs giving large financial institutions access to zero-cost borrowing as artificially padding their bottom lines.
“There’s something of an illusion of profitability,” he said.”
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