Tag Archives : US economic meltdown

In the records of the International Monetary Fund, World Bank, and CIA World Factbook, Canada places 9th while Brazil is at 10th ranking among the largest economies of the world. While Brazil has a GDP of $1.849 trillion and Canada has a GDP of $1.271 trillion, Brazil’s GNP is $715 billion as compared to Canada’s GNP of $760 billion. Apparently, [...]

Regarding the look of things to come for the wealthiest nation on earth, Barack Obama has said it succinctly that American people will expect “trillion-dollar deficits for years to come.” He was not exaggerating. According to analysts, it will take years before the USA can recover from an economic meltdown. Some greedy people in the finance sector, [...]

The American free market principle, the American people’s culture of credit, and the nation’s hypercapitalism all did the country in. The country that prides itself with being a democracy ruled by the majority for the majority has become a completely government-controlled country. The truth has set in: the ordinary American is dominated by his [...]