American economy on collision course with reality, and facts on the ground.
We borrow to consume, the rest of the world produces to consume. The inevitable global correction and fall of the American Empire is simple when you do the math.
America has a 70% consumer economy based on constant credit expansion. The credit expansion is over. The consumer is being crushed by unemployment and inflation. It's over, THE FUSE HAS BEEN LIT.
Sources for video
CNBC
Drudge
AP
Citigroup
Center on Budget and policy priorities (state budgets)
United Nations (food)
Amnesty International
Boston Federal Reserve
Shadow stats
Check out http://online.wsj.com/article/SB12088 (broken link)...
Proverbs 22:3 "A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished." KJV
Empty words from the Fed and the consequences
The Merk Perspective - The Merk Hard Currency Fund...
Fed and the lack of action
Fed Hopes Words Will do Enough to Contain Prices - Economy * US * News * Story - MSNBC.com
Iowa losses
http://www.marketwatch.com/news/story (broken link)...
http://money.cnn.com/2008/06/16/news/ (broken link)...
Iowa cost of food prices
FT.com / Registration / Sign-up...
http://www.marketwatch.com/news/story (broken link)...
Fed in a Jam
http://money.cnn.com/2008/06/12/news/ (broken link)...
China
China Fuel Price Rise May Bolster Consumption - Energy * Asia * News * Story - MSNBC.com
SPAM Sales Rise
Spam sales rise as consumers trim spending - U.S. business - MSNBC.com
Foreclosures hit new high
Mortgage Foreclosures Rise to New Heights - Real Estate * US * News * Story - MSNBC.com
US Foreclosures Jump 48% in May - Real Estate * US * News * Story - MSNBC.com
Toll Brothers CEO vid(3rd guy down)
Homebuilders: Homebuilding Giants Explain the State of the Sector - Real Estate * US * News * Story - MSNBC.com