The Start Of A Historic Global Financial Meltdown: US Economy Is Slipping Into Reverse, Europe Goes Back Into Collapse Mode, And Hyperinflation Is Coming To Every “Developed” Country Near You!!
Investmentwatchblog.com
February 4th, 2013
Next Stop for the US Economy: Train Wreck!
by Bill Bonner, Daily Reckoning.com.au:
‘US economy slips into reverse,’ was the headline in the Financial Times.
The US economy didn’t move ahead in the last quarter of 2012. Instead, it started backing up at a 0.1% annual rate, to be precise.
That didn’t seem to bother anyone. They hardly noticed; and they didn’t seem to care what direction it was actually going. The Dow slid a little, but not much.
In the bar car, journalists generally dismissed the whole thing. It was a kind of optical illusion, they seemed to think, caused by the fact that the gunslingers had been a little slow on the draw in the waning months of 2012….
American Debt Rating Downgrade Coming, While Half of American Families Already on the Edge of Financial Ruin
The Rest…HERE
