Economic Collapse Imminent

You cannot go one day without seeing plenty of news about the coming financial meltdown of the United States. I have been calling this for years, and its finally becoming apparent to everyone else.

This article from Signs Of The Times goes over quite a bit of the recent news on the subject.

The sharp drop in stock prices toward the end of last week coming on the heels of the sell-off of the week before last indicates a growing sense of panic.

The people saying that the bursting of the housing bubble can be contained are getting fewer and fewer. Those who see it as the beginnings of much wider and deeper economic trouble were once on the fringe, but are now the mainstream. The lack of confidence in mortgage debt is leading to questioning of all sorts of debt, including the hyperdebt of derivatives and hedge funds.