Wake-Up Call - 12/9/11

Deterioration In All Departments

The European situation has no solution. The balance of trade in the U.S. is the worst in the world and getting worse. The negative current account balance is seven times worse than that of the next country (Italy). Debt continues to explode but asset values are not rising to keep pace. This is a recipe for financial disaster. For the first time ever banks own more equity in U.S. homes than homeowners themselves. America is getting poorer by the day. More info showing that we are in a full-scale depression. Why and how the U.S. is becoming a third-world country. The absurd U.S. Post Office – and a fascinating anecdote. Why the stock market may fall quite sharply over the next few weeks.