Monday, March 01, 2010
Paul Craig Roberts on US crumbling economic power
Charles Munger, Warren Buffet's business partner, said that the U.S. economy will never bounce back because of the national debt and poor planning. Paul Craig Roberts has been saying "it's over" for a while, he agrees that the United States is a failed state/economy/empire - with a government that is "owned" by the banks who created this crisis... Meanwhile our economy has been devastated / hollowed out by moving jobs off shore - the reason US unemployment is so bad and will not improve.