Huffington
Post (excerpts) - Cernobbio, Italy: Experts and leaders gathered in
Italy may disagree on the cure, but the malady seems clear: the world
economy faces a "perfect storm."
Many attendees at the annual
Ambrosetti Forum at Lake Como on Friday fretted about mounting US debt
and Europe's inability to balance electorates' apparent insistence on
national sovereignty with the need for regional coherence to salvage the
teetering euro.
Economist Nouriel Roubini predicted years of gloom almost regardless of what is decided.
Tent cities haven't disappeared in America, but no one is talking about them during this campaign season.
Huffington
Post (excerpts): A record 46.7 million Americans, or roughly 1 in 5
adults, used Food Stamps in June 2012, the US Department of Agriculture
(USDA) recently reported.
Food Stamp use has spiked 51 percent
since October 2008, when the economy was in free fall. The number of
American's now using Food Stamps is roughly the same as the number of
Americans living in poverty.
Commentary: This world is being
run by elite billionaires who have no regard for the poor. As they did
during the Great Depression, the bankers will collapse everything at a
strategic moment, as they did during the housing market crash, when they
can confiscate the most wealth from those who are already struggling,
as well as those who have managed their money fairly well - they want it
all!
"Hell and destruction are never full; so the eyes of man are never satisfied" Proverbs 27:20.
In : ECONOMIC CRISIS
Tags:
"food stamps hit record high" "us economic collapse"