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14 – The total number of U.S. bank failures passed the 100 mark in July of this year. In 2009, the total number of U.S. bank failures did not pass the century barrier until October.
15 – The U.S. dollar continues to rapidly decline in value. An item that cost $20.00 in 1970 would cost you $112.35 today. An item that cost $20.00 in 1913 would cost you $440.33 today
Any rational observer (and clearly U.S. Treasury Secretary Timothy Geithner does not qualify) can see that the foundations of the U.S. economy are coming apart. The rapidly accumulating mountain of debt that has fueled our “prosperity” is impossible to repay and is going to progressively choke the life out of our economic system. The good jobs that we have allowed to be shipped out of our country are never coming back. Every single day, more wealth flows out of this country than flows into it.
Anyone who claims that things are getting “better” is either ignorant, completely deluded or is purposely lying.
The U.S. economy is not getting “better”. The U.S. economy is dying.
You should adjust your plans accordingly.
Article submission: Bobby Ward
Article First Appeared in The Black Truth News Volume 1 Issue October 2010