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Friday
Aug192011
Wake-Up Call - 08/19/11
August 19, 2011 Download this episode (right click and save)
The Long, Ugly, Painful Slide Begins
The ultimate and absolute economic ruin starts to eat its way into our lives. America still clings to the ‘can-do’, we-are-all-powerful fantasy. ‘Banana Republic’ more accurately describes reality. Americans are not equipped to handle hard times. ‘The Greatest Nation On Earth’ is about to get a massive wake-up call but Americans are too dumbed-down to realize what’s happening. Consumer confidence the worst since 1980. Companies not hiring. The horror of flash mobs is growing all over the nation. The Philadelphia Fed Business Survey collapsed from +3.2 in July to -30.7 in August. Demand for manufactured goods in total decline. Why the loss of AAA status for the U.S.A. is a big deal. Payback time for S&P’s downgrade of the US from AAA to AA+. The SEC destroying evidence, according to the allegations of a whistleblower. Did they destroy documents? Being President of the United States is an easy job. 1 child in 5 is living in poverty in the U.S. 43 per cent of children live in low-income families. Dog thefts up 32 percent this year. The absurdity of government subsidies for ethanol.
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