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Impending Economic Crash - The way out in 2012 by david don
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Impending Economic Crash - The way out in 2012 |
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Business
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You don’t need to be told about the impending crash in the American economy. You can observe the signs from the happenings around. America is heading towards another period of economic recession. This time around, survival is far-fetched. The crash is likely to cripple the economy for years once it occurs. America is really vulnerable to another recession under the Obama administration. The economic plans of the president when he assumed office in 2009 seem not to be working. He is rather implementing harsh economic policies that are capable of crippling the economy in no distant time. The high tax rate introduced by the president is taking its toll on investors, job creators, small business and indeed every other American citizen who is either working or doing business. Several families are feeling the heat. The pressure is now too much on African Americans and even Native Americans. Many people are losing their jobs. The unemployment rate is becoming higher by the day. Possible Results of the impending crash American will not be the same if the impeding crash finally occurs. One of the possible results will be like the national bankruptcy of Greece. America may not be able to raise half of its budgeted federal spending in the global credit markets. This can be very disastrous to the American economy. Currently, America is already borrowing and adding to the debt to finance 43% of the federal spending. If this were to happen in Greece; it is quite understandable since the nation is very small and insignificant in the global capital market. However, the situation will be most appalling if it happens to America, the world’s superpower! It’s going to be a national catastrophe if the nation runs into bankruptcy. Once the nation runs into bankruptcy, American will definitely become vulnerable to her military enemies. More terrorist attacks are likely to hit the nation if the economy collapses. President Obama will be inviting real war if he fails to do something positive about the crashing economy. The impending 2013 crash will also disrupt the entire western world. This will propel uncivilized rogues from the enemy nations to strike America. Middle East Islamists will also be tempted to lead a fresh attack against the nation as well. American may not have enough economic strength to withstand the possible attack if the economy actually collapses. The Way Out There are several possible ways of averting the impending crash. Some economic experts are suggesting a reversal of the “Obamanomics”. The American people have great chance to effect the change in 2012. The harsh economic policies of the present Obama administration need to be reversed as soon as possible. Economic experts should also be engaged to come up with possible solutions against the harsh economic realities. Apart from this, everyone should get prepared for the impending crash. Buying gold is one of the possible solutions that can be employed. One can lay his or her hands of the trading course online. This will certainly provide the needed protection against the economic crash.
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