US Federal Reserve must lower the interest rates rapidly now to halt free falling US economy from a total catastrophic collapse
Sam Adelton
Sep. 17, 2006

It seems like Japan in early nineties but in an accelerated mode. The biggest problem for the US economy as talked before is the real estate and heavy consumer debt. The Government debt is also a major problem as US economy rapidly shrinks. The debt burden with refinancing loan by the middle-class Americans are so heavy that a catastrophic collapse is evident. As the economy collapses, the revenue will be lowered. The budget deficit will triple in no time. The Government will keep printing money and pay its debt. But common people in America will have serious problem in trying to pay the debt back.

The gold will rise in price, as dollar will lose its value along with all other currencies in the world. The high-energy price relative to other years will be another major problem as people have to drive.

Website: http://www.indiadaily.com/editorial/13233.asp

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