Sunday, 10 July 2011

U.S. Debt Crisis

The world is finally waking up to the fact that the U.S. is in debt to the tune of $14 trillion, that's $14,000,000,000,000, meanwhile the U.S. government spends $10 billion a month on its "war" in Afghanistan. The White House must come up with a deal by the August 2nd deadline. Never mind Greece, Spain, Portugal, Italy, Ireland, Iceland and the U.K.  Is the U.S. too big to fail?

Read the CBC news posted on Sunday July 10:
Crucial U.S. debt talks to resume Monday

Corporate leaders, bankers and politicians would like us all to think it is business as usual and to have faith in the globalized free-market economy while they make themselves rich and trash the planet in the process. We know that the house of cards is about to collapse. Time will tell.

For for a viewpoint from Paul Chefurka, read 50,000-Foot View of the Global Crisis.

We can't solve problems by using the same kind of thinking we used when we created them. - Albert Einstein

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