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The Inexorable Decline Proceeds Apace
The horrific economic numbers published late last week – and the revisions going back YEARS – show the economy to be in a much worse condition than thought. The country is in a downward spiral. The total concept of what turned the wheels of fortune in America is being trashed. The cogs in the economic machine have ground to a halt. Internal struggles between state unions and governors are pushing the states into bankruptcy. And much more… The horrors of default are unthinkable. The trap of cheap homeownership laid by Alan Greenspan. Putting the extreme of the top wealth in the United States into perspective. The devastating drought in the south. The United States Postal Service hurtling towards bankruptcy… A little background. The man who used a loophole in the law to buy a $330,000 house for $16.