Well, Sweden is a small country that doesn’t have the amount of people we have on the rolls, plus our country is bigger and much more people literally flooding in.Tax illegals and they go away. Our GDP per capita is still huge compared to the rest of the world. The US's problem is that it spends like a drunken sailor and doesn't invest in anything sustainable.
The US is the night club in goodfellas, you suck out all you can... then you torch the place. That's *exactly* what is happening now. The US is being sucked dry, the torching will come later.
China announced today that they will buy more gold, lots and lots of it. This will drive the dollar even lower.
Housing markets will crash around mid year and with over half the mortgages deep under water, most defaults will just walk away with no hope of recovery. That should start the first Domino moving. The second to fall will be small business, manufacturing, mass unemployment will follow. GDP will drop below 2%.
You heard it here first folks, but chairman MaObama and Ben Burn-yank-me will flood the economy and state treasuries with massive bailout money, (Fresh ink worth more than the paper) and China will pull their support.
Time to get debt free, buy lots of rice, ammo and Gold. A few acres in the country with a good cow and horse would not hurt either. Gardening will also be your best friend.
That’s the problem. We don’t just have a cadre that is doing this, but the entire nation is sucking the country dry. If it were a cadre, then we could throw them out, but the problem is grassroots.