A few days ago during a press conference involving the governors of the 50 states, Barack Obama talked about all of the states needing to work together so that we can quickly turn around this economic "slow down". I have bad news for Mr. President-elect: this is not a slow down. This is an economic disaster that will dwarf the Depression of the 1930s in scope and toll.
Let's do an always popular top 10 reasons why considering the current economic situation a "slow down" is actually very dangerous and irresponsible:
1. Almost all the banks of the world are, essentially, bankrupt. They have no capital, solvency.......
I need a drink.
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