What Recovery

The people in charge of the recovery, never saw the crisis coming in the first place; the real estate situation has not gotten better and is about to get worse, as is the unemployment situation. AND this administration continues to add to our National Debt on a monthly basis, debt we can never repay and that just past $13 TRILLION dollars!

People talk of ‘recovery,’ but it’s now three years after the crisis began and there is no recovery. Instead, there’s another crisis on the horizon.

And now the trouble is, the feds don’t have much ammunition left to fight this US debt crisis. Interest rates are already at zero; they can’t go lower. And the federal deficit is already as much as 10% of GDP.

Besides, it’s becoming clear that all that ammunition fired off so far was wasted! It got us nothing but more debt.

To read the entire article by Bill Bonner, go here.