Everyone keeps asking, “Are we in a recession?” but few actually state the
answer. The media and our U.S. leaders just keep dancing around the issue. But
look at the facts: the last year home prices fell the way they are today was
1941 -- the year the United States entered World War II.
Unscrupulous, predatory lenders and the creation of the subprime market have
created a downward spiral that threatens to swallow many Americans whole.
Entire U.S. cities are being devastated by the predatory lending practices
facilitated by Wall Street. It is no longer just inner cities or low-income
families being affected. Everyone, from the poor to the wealthy, is being hit
by this crisis.
Many U.S. economists are convinced that a recession is inevitable, as the
mortgage crisis is FAR from having peaked. In fact, it is still in its infancy.
And in this interview, Jim Rogers, the CEO of Rogers Holdings, explains how
current government policies will cause even greater inflation and a massive
recession.
I agree with Rogers, most likely the situation will get far worse before it
gets better.
If you still believe that the dollar is strong and the United States is
destined to be an eternal superpower, think again. After watching this video,
and the must-see videos in the related articles below, I’m sure you’ll have a
far more realistic view of the U.S. situation.
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