No Way Out

October 23, 2013

As Ye Sow, So Shall Ye Reap
No Way Out
by PAUL CRAIG ROBERTS

The year 2014 could be shaping up as the year that the chickens come home to roost.

Americans, even well-informed ones, don’t know all of the mistakes made by neoconized and corrupted Washington in the past two decades. However, enough is known to see that the US has lost economic and political power, and that the loss is irreversible.

The economic cost of this lost will be born by what remains of the middle class and the increasingly poverty-stricken lower class. The one percent will have offshore gold holdings and large sums of money in foreign currencies and other foreign assets to see them through.

http://www.counterpunch.org/2013/10/23/no-way-out-2/