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THE U.S. AND WORLD ECONOMY

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Angelina
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Post  Panda Tue 10 Aug - 12:02



Who was the bright spark who said we should spend our way out of the Recession, yes our very own Gordon
Brown. The U.S. thought the same and now the dollar has been losing value and their debt increased dramatically U.S. Analysts are saying it was the wrong approach and Cameron is right to try to reduce the deficit.

Certainly any Country"s debt cannot recover from a spend spend spend solution and I think the Banks really
need to be taken to task for the mess they have created in the World. They must be forced to retain a percentage of liquidity as they did in times gone by when common sense prevailed.
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Post  AnnaEsse Tue 10 Aug - 13:26

Gerald Celente, of the Trends Research Institute, is an economist who has predicted all major trends in the past 30 years. He is predicting total collapse of the US economy.