Paul Watson: Fed Leads America “To The Brink Of Collapse” – Alex Jones Tv 1/3

Monday, August 23rd, 2010 at 12:03 pm

Fed Leads America "To The Brink Of Collapse" Paul Joseph Watson www.prisonplanet.tv Thursday, August 12, 2010 When even the New York Times and CNN are admitting that the United States faces not only a double-dip recession but potentially a new great depression, any alarm bells that have not been rung should now be sounding loudly. Following in the footsteps of the New York Times' David Krugman, who in June wrote that the United States had entered a third depression similar to the Long Depression of the 19th century, CNN Money carried an article yesterday brazenly entitled, Is this finally the economic collapse?. The piece, written by Keith R. McCullough, points out that the Fed's announcement that it will start buying Treasury debt, is a "crossing the Rubicon" moment and "could lead the country to the brink of collapse". "Crossing the 90% debt/GDP threshold is the equivalent of crossing the proverbial Rubicon of economic growth. It's a point from which it's almost impossible to return," states the article, adding that the market has not responded to quantitative easing so to engage in more of the same would be completely futile. "With 40.8 million Americans on food stamps (record high) and 45% of the unemployed having been seeking employment for 27 weeks or more (record high), what's left if (or when) QE2 doesn't kick start GDP growth? Should we start begging for QE3? Should we cancel the bomb of the National Association of Realtors' existing home sales report, scheduled ...

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