20 reasons why the US economy is dying and is simply not going to recover
businessinsider.com
businessinsider.com
11. Who gives a what nearly bankrupt and very political Russia is doing WRT the dollar.
12: Jefferson County, Alabama is notorious for having made some very bad interest rate swaps that; using them as an example is for this item is basically lying.
Less obnoxious, but still misleading:
13: Pension promises can and will be abrogated (we have no choice).
14: Ditto for Social Security and Medicare (well, the former can be tweaked quite a bit (e.g. raise the retirement age for people not yet collecting benefits).
15-8 are spot on, though.
19: Well, there are several answers to this besides inflation, some even good. Has anyone noticed how much land the Federal government owns? It has assets it can sell.
On the other hand, I can't argue with his last point:
"#20) When a nation practices evil, there is no way that it is going to be blessed in the long run. The truth is that we have become a nation that is dripping with corruption and wickedness from the top to the bottom. Unless this fundamentally changes, not even the most perfect economic policies in the world are going to do us any good. In the end, you always reap what you sow. The day of reckoning for the U.S. economy is here and it is not going to be pleasant."