Archive for January 24th, 2008

Jan 24 2008

Hard Landing

Published by kitoy under Business, News

Many analysis and news stories are already out today on the looming downfall of the US Economy. Many say that it’ll be a hard landing. It’s just a like a Humpty Dumpty who fell from the wall.

It’s one of the reasons why US needs to go to war; its economy mainly depend on war. So as the US economy goes down, it’ll surely bring down anyone else that depends on them. They say: “The higher you build, the harder you fall.”

Why the Dollar Bubble is about to Burst
Steve Masterson / London - 24 May, 2006

Currently almost all oil buying and selling is in US-dollars through exchanges in London and New York. It is not accidental they are both US-owned. The Wall Street crash in 1929 sparked off global depression andWorld War II. During that war the US supplied provisions and munitions to all its allies, refusing currency and demanding gold payments in exchange.

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