Worse Economic and Political Troubles Ahead for USA

Are we going to see soon an economic recovery in the USA? Hardly. According to the FDIC, the insurance fund needs about $65 billion through 2013 to help many of the designated 252 troubled banks, but we only have $18.9 billion in the fund. Decisions at the G-20 summit in London early April have laid the foundation “for the next crisis, which will be larger.” And America’s closest allies feel betrayed by the Obama Administration and are encouraged to build alliances among themselves–while isolating the USA. WHY is all of this happening?

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