Is the U.S. Economy Doomed to Another Crash?

Dylan Ratigan—Oct. 21, 2010—Panel debates whether the economic crisis in Paris and London are a preview of what's to come for America.

Debt Based Economies are Collapsing fast

A new form of capitalism will emerge after the economic collapse ?

USA and UK have borrowed way too much , the UK debt is three times the GDP , is this situation sustainable in the medium term ?or will the whole system collapse and we see the birth of a new form of capitalism ?

Americans wealth declines by $1.3 trillion

Americans saw $1.3 trillion of wealth vaporize in the first quarter of 2009, as the stock market and home values continued to decline, according to a government report released Thursday.

Household net worth fell to $50.4 trillion, according to the flow of funds report by the Federal Reserve. Americans' stock holdings plunged 5.8% to $5.2 trillion and mutual funds holdings slid 4.1% to $3.3 trillion, while their home value dropped 2.4% to $17.9 trillion.

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