Here are some scary points to ponder.<\/p>\n
US National Debt – $9 Trillion and counting
US Trade Deficit – $596 Billion and counting
Crude Oil Prices – Approaching $100 per Barrel
Gasoline Prices – Over $3 per gallon
Sub Prime Housing Market Meltdown – $900 Billion in suspect debt.
Total US revolving consumer debt (credit cards) – $915 Billion and climbing.
Total US Consumer Debt (excluding mortgage) – $2.46 Trillion and climbing.
Volatile stock market and increase in global terrorism.<\/p>\n
Call me paranoid, but this has the makings of a perfect storm that could make the great depression look like a Sunday picnic. The only question remaining is what will be the final straw that breaks the camels back?<\/p>\n","protected":false},"excerpt":{"rendered":"
Here are some scary points to ponder. US National Debt – $9 Trillion and countingUS Trade Deficit – $596 Billion and countingCrude Oil Prices – Approaching $100 per BarrelGasoline Prices – Over $3 per gallonSub Prime Housing Market Meltdown – … Continue reading