We’re not on the brink of a recession. We’re IN a recession headed straight for a depression the likes of which this country has never seen. These people in business suits live in denial. They lie to themselves and they lie to you and me. They are a pathetic group of self-righteous, stodgy pseudo-intellectuals driven by self preservation of the elite business class.
JOHANNESBURG (Reuters) - Former Federal Reserve Chairman Alan Greenspan warned on Tuesday the U.S. economy was on the brink of a recession, with the chances of that happening at more than 50 percent. The U.S. economy has been hit by a credit crisis which began in the sub-prime mortgage market, prompting a series of interest rate cuts to help boost the economy. But price pressures are growing, making more rate cuts unlikely. Asked if the U.S. economy was in recession, Greenspan said: “We are on the brink.” A quick recovery was unlikely, he said via video link to a conference in Johannesburg. “A rebound at this stage is not something I think is in the immediate outlook,” he said. More
Also See:
Central bank body warns of Great Depression
RBS warns worst market crash in 100 years
For more info on the coming depression, check out the “Finance” section on this web site.