The Forum > General Discussion > Is this the End-times for US World Domination
Is this the End-times for US World Domination
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The cause of this latest panic-driven "decline" is simple result of overselling of goods to a market that cannot repay it`s debts!
The Wall Street High Flyers have been greedily gobbling up shares in companies that have immorally continued flogging-off property to mortgagees who have not had the ability to repay their loans, hence the Freddie Mac and Fannie May fiascos.
What has followed and is continuing to be exposed is the accelerating collapse of many other companies who have over-committed themselves in their own apparent greed and mis-management in the what is now being realised as a very painful rush to "get part of the action!"
If this situation is hopefully to be remedied by injecting trillions of dollars of US taxpayers money to prop up these errant and failed companies, then the US system is condemning itself and the principles of it`s self-styled Capitalism.
The US is already the World Bank`s largest debtor ( and has no intention of repaying any of it!) so how could they possibly be allowed to borrow more just to simply bolster the interests of the Fat-cats at the expense of the little people?
One may wonder how companies like Halliburton and the like are performing?
Maybe another major conflict is imminent to appease the US insolvency issues?