bernankes truth, as terrible as it is., page-5

Excellent post Pintohoo,the world is wakeing up the US have lost control.If Detroit is bankrupt how many other cities in the USA will also declare bankruptcy.Its a very sad world when the world seems to revolve around every word the US says.
Meanwhile 47.5 million in the US are on food stamps,one third of the world dont get enough to eat.The capilist system as it stands will capitulate.The US is supposably the wealthiest country in the the world but 70% of the wealth is controlled by 10% of the population.
There is no recovery in the US and as your excellent post Pintohhoo points they dont even understand the basics............They sre going broke as we speak.