by Tim Williams

Created on: February 22, 2010

No matter what most of the main stream economists are ranting about the current recession is coming to a very slow end. Think twice, based on these facts, that have been occurring and are continuing to occur around the globe. China is starting to dump it's holding of United States Treasuries. They have already dumped over 34 Billion of United States IOU's this past December for the 2nd straight month. The United States Government is flat broke and yet the government keeps spending money it doesn't have pushing America closer to an financial abyss. The Federal Reserve is relying on a weaker US dollar no matter what it costs the American public. The current Financial and economic crisis is far from over. It is only in a new phase-a period where the government is effectively bankrupt either by defaulting on their debt obligations or outright on the sly by devaluing the dollar, like the Federal Reserve is doing now.  

The United States has created not only a financial but almost total economic catastrophe on the scope of the Great Depression where the greatest concern is in confidence that the rest of the world perceives the United States as the nation where we will not be able to pay our debts. What the United States has done and continues to ignore is that this nation created what amounts to are Financial Weapons Of Mass Destruction: $15 Trillion in United States Money Supply, $50 Trillion in total  Worlds Gross Domestic Products, $100 Trillion Total value of the Worlds Stock and Bond Markets, and $516 Trillion in Derivatives. All of these factors cumulate to the fact that inflation continues to escalate at over 800 % more than the United States government is reporting. The record high of over 10 Trillion Dollars United States deficit has caused the dollar to weaken to all time lows which drives up the cost of fuel and everything else with it. The first quarter of 2010 alone the escalating fuel and food prices have accelerated the current mortgages defaults and foreclosures. All the vanishing liquidity is sending the financial markets further down. The Dow has lost more than 20% more than any other time in United States history.
 

 These aren't the only factors that directly contribute to the resurgence of the economic crisis we are now experiencing. Consider these factors that also indicate that a resurgence of even a greater degree of intensity in economic upheaval: Global unemployment rates are now over 10%, consumer demand for fuel is rising

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