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To: SkyPilot
#9 Just before the financial crisis of 2008, a surging U.S. dollar put an extraordinary amount of stress on emerging markets. Now that is happening again.

Since the entire Federal Government including the Federal Reserve is doing all in can to destroy the dollar, the fact this it is among the strongest currencies tells you how screwed up the world is.

#11 The growth of consumer spending in the United States has just plummeted to multi-year lows.

That's pretty hard to believe. Only 40% of the work force is unemployed.

16 posted on 08/16/2015 5:25:16 AM PDT by stevem
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To: stevem
That's pretty hard to believe. Only 40% of the work force is unemployed.

Amen.

I drove past three abandoned strip malls this week, and all I could ponder in my mind was that the Depression we are in is deep, but no one acknowledges it.

I wonder if the coming crash will make the Great Depression of the 1930s look like a cake walk.

38 posted on 08/16/2015 10:04:23 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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