Tuesday, February 09, 2010

 
 
 

 
 
 
 
 
20 reasons America has lost its soul and collapse is inevitable
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Monday, October 26, 2009
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By Paul B. Farrell on LewRockwell.com:

Jack Bogle published The Battle for the Soul of Capitalism four years ago. The battle's over. The sequel should be titled: Capitalism Died a Lost Soul. Worse, we've lost "America's Soul." And, worldwide, the consequences will be catastrophic.

That's why a man like Hong Kong contrarian economist Marc Faber warns in his Doom, Boom & Gloom Report: "The future will be a total disaster, with a collapse of our capitalistic system as we know it today."

No, not just another meltdown, another bear-market recession like the one recently triggered by Wall Street's too-greedy-to-fail banks. Faber is warning that the entire system of capitalism will collapse. Get it?

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More on the economy:

"The Great Recovery" is over

Warren Buffett gives the all-clear

Top Japanese bank says dollar to lose reserve status soon

Topics: Economy | Cruxallaneous
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