Tuesday, November 23, 2010
U.S. Military War Gaming for Large Scale Economic Breakdown and Civil Unrest :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
U.S. Military War Gaming for Large Scale Economic Breakdown and Civil Unrest :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website: "The majority of Americans believe that recent government intervention into financial markets, the economy and corporate insolvency has reversed the economic downturn which was described by former Treasury Secretary Hank Paulson as being “on the brink” in 2008. The stimulus, bailouts and unrelenting quantitative easing by the Federal Reserve have thus far been perceived as having averted the further erosion of the U.S. real estate and equities markets. And though the Federal Reserve and economic analysts have recently readjusted their economic growth forecasts downward for the next six months, Americans no longer have to worry about, as Rep. Brad Sherman (D-CA) said on the house floor in October of 2008, the sky falling, multi-thousand point drops in stock markets and martial law in America."
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