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United States' Financial Crisis Deepening
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Highly oil-dependent US economy, received a direct blow following China's emergence as the world's leading manufacturer of quality yet affordable consumer goods. Listen to : MELTUP (54 minutes, 6.5 MB Audio) July 30, 2010 (Hamsayeh.Net) - This 54 minutes audio program explains why the so-called world's largest economy is in such dire economic situation and what needs to be done in order to bring back some stability to a dying civilization. Unlike what corporate and government establishment try to portray as a healthy and slowly recovering economy from the 2008 crash, it's abundantly clear that the US is in a much worse shape than what the rich elites want everybody to believe.
Highly oil-dependent US economy, received a direct blow following China's emergence as the world's leading manufacturer of quality yet affordable consumer goods in comparison to a lot more expensive and lower quality USA manufactured items. Thanks to its good relationships with resource rich nations and the international community, China's economic outlook is set for further conquest of global markets despite revaluation of Chinese currency the yuan.
The United States was at one time world's number one manufacturer of industrial / household items including, refrigerators, clothing and automobiles. Today, its main industry is to divert all of its resources into its military thereby hoping to secure the flow of oil from oil rich regions under various pretexts. This is simply because the US currency the dollar which the Central Bank keeps printing from thin air depends directly on the amount of oil consumed worldwide each and everyday.
Listen to this excellent audio called the Meltup.
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The North American nation was at one time world's number one manufacturer of industrial/ household items including, refrigerators, clothing and automobiles. Listen to : MELTUP (54 minutes, 6.5 MB Audio)
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