Sunday, October 19, 2008

Don't kid Yourself, The Recession is just getting Started.

The United States of America has a phony economy based on debt and consumer spending.

66% of the GDP of the USA is now based on consumer spending.

Americans are starting to spend less money right now because the credit cards are maxed out, the home equity loans are dried up, and the unemployment rate is rising.

When Americans stop spending money, which they have too, 2/3 of the economy is going to collapse.

America once again must become a nation that produces things instead of consumes things using someone else's money.

This is not the bottom of the stock market, contrary to what you hear on the media, this is just the beginning.

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