by Michael Snyder, The Economic Collapse Blog:

I really don’t know anyone that would argue that the U.S. economy is in great shape right now.  Inflation is out of control, large companies are conducting mass layoffs all over the nation, the housing bubble is starting to implode, and more homeless encampments are constantly popping up in our major cities as poverty spreads like wildfire.  But this isn’t the main event.  I am calling this “the storm before the storm”, because the truth is that this new economic crisis is still only in the very early chapters.  Unfortunately, much more suffering is on the way, and our country is not going to be able to handle it.