US: The Mega-Bubble That’s Going to Go Bust

sentinelblog

Source: New Eastern Outlook, by Martin Berger

It’s noteworthy that the United States state-controled media, especially such newspapers like the New York Times and Washington Post, along with the channels like CNBC and Bloomberg, have been hard at work in a bid to persuade the general public that American banks and corporations are standing firmly on their both feet. We are being told told that the eight years of Obama’s economic genius have created a near-record low unemployment, while the US economy is healthy and still remains the leader of G7 in terms of economic growth.

However, there’s a good reason why the US often being reffered to as the “Empire of Lies“, since the actual economic situation in America is pretty frightening, and it keeps detoriating on the back of the unprecedented level of US corporate debt. Still, Washington hides any signs of the inescapable financial crisis…

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