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Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles American companies being liquidated at record paceE-mail - editor@economyincisis.org |
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It is now a full fledged rout. These are a just a few of the many hundreds of companies being liquidated in 2007. This is just a sampling of the many companies sold in August:
It’s Time to Take Action As Americans we should not allow our best wealth producing companies to be sold to foreign owners. The future profits and technological know-how will then reside in foreign countries. Sacrificing future economic opportunity for short term profits to a select few is economically suicidal. Talk to your friends and encourage them to use EconomyInCrisis.org for all of this information. Contact congressional leaders, write letters to the editor to help keep American wealth and our future from being taken from us. We must take action now to help secure a better economy, nation and future for our children and generations to come. Your children will never forgive you if you allow these conditions to continue. Click here to contact your Representative in Congress. Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles
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Article Comments From Readers
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guest says "Dollar slipping greatly" on 09/20/07
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guest says "Thank you" on 09/19/07
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Thomas,
Thank you for this important alert. I think it is best to recommend citizens not to have any children at this point as a safety precaution in case the great collapse cannot be stopped. We may now be in the modern equivalent of 1929 or worse if I understand the articles on EconomyInCrisis correctly. Perhaps we are on the cusp of the GreatEST Depression so far? I hope not! Even now, if it does not come, many American's income continues to stagnate or drop as college, food, healthcare, and oil rises as the dollar sinks. I earn about 35% less now than 10 years ago even though I hold a graduate degree and sramble for employment. For those who do have children/families already, immediately moving to Europe may be the only rational act. It would be nice if our industry was retained, the war was stopped, the dollar was strengthened, and crisis stabilized, but it does not look like either party has any awareness or courage or even concern for the long term health and solvency of our nation. Because of political incompetence it appears that the looming disaster will approach from calm seas like a rogue wave to crash and destroy all in its path. It may simply be too big and strong and too late to stop its crushing blow and causing America to go into a premanent tailspin leading to collapse. I hope we are both wrong and things are better than they seem, but as our country is brought further and further into the open ocean of danger and away from any responsible management and fiscally sound policies about borrowing and spending, the situation is looking very bleak to me and many others I know. |
Is to return to a bullion standard: Gold/Silver/Platinum etc. Every dollar should be backed with bullion on hand. This is the way it was through the 1960's until Nixon finally removed the dollar from any linkage to silver. Since then, America has experienced runaway inflation measured in terms of:
*higher college tuition,
*higher fuel prices,
*higher food costs,
*higher medical costs,
*higher housing costs,
*higher utilities,
*higher insurance, and
*higher taxes on the poor and middle classes.
The temptation for the Federal Reserve to simply print an extra 5 hundred billion from time to time to shore up war expenses, or waste, fraud and corruption is simply too tempting to resist. They are hoping that no one would notice and inflation would stay in check.
With the world awash in American dollars and no oversight controls on monetary supply at the Fed, the Bureau of Printing and Engraving, keeps following orders printing billions of extra dollars as directed. They have done a good job at hiding it.
Almost....
As other countries look more closely at the United States, they see incredible financial mismagement, deportation of jobs and whole industries to 3rd world nations, an endless Iraq Occupation costing 12 billion monthly, and a continuing spending spree on credit. Is it any surprise that the dollar continues to lose value and will continue to drop?
Just since Bush came into office, the dollar has lost 40% of its value against the Euro. That's effectively 40% inflation. In 2000 1 euro= 1 dollar. Check it out:
http://www.xe.com/ucc
Many wealthy people are quietly converting their dollars into gold to avoid the coming collapse from gross financial mismanagent. Those less savvy investors still holding dollars might as well have pesos in the long run.
Democrats should pull all their money out of the market immidiately and park it into short term guaranteed CD's or convert to gold.
You can shop and compare here:
http://www.Bankrate.com/CDs
Just as we saw Richard Perle (a neocon architect) wash his hands of the Bush administration as soon as Iraq started to crumble, so too do we see Alan Greenspan disavow the institutional policies of the Fed that he helped create and manage for two decades.
Only a return to a bullion standard can prevent the runaway inflation that is impoverishing America.