Unemployment is rising, manufacturing activity is contracting, bankruptcies are soaring, home sales have fallen to depressingly low levels, the cost of living crisis never seems to end, poverty is soaring and homelessness is at the highest level ever recorded.  Since Barack Obama first entered the White House, our politicians in Washington have been propping up the economy by adding 25 trillion dollars to the national debt.  Now our national debt has crossed the 35 trillion dollar mark, and our politicians continue to spend money at a pace that is absolutely absurd.  But despite this tremendous influx of borrowed cash, the wheels are starting to come off the U.S. economy anyway.

This week, everyone is talking about a "recession" because of what has been happening in the financial markets.

Prior to Tuesday's session, more than 6 trillion dollars in global stock market wealth had already been wiped out…

Bloomberg estimates that approximately $6.4 trillion has been erased from the value of global stock markets over the past three weeks.