Pre-Crash Bubble Shows Unavoidable Failure of U.S. Economy!

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Why The Fed Can’t See A Bubble In Equity Valuations
The Latin American Crisis was caused by massive amounts of government spending, leading to extreme deficits and high inflation.
“An economic contraction of 3.5 percent, annual inflation of 41 percent and a drop in consumption of 3.8 percent will be the indicators at the end of 2014 in the event of a default
Europe has just experienced the biggest sovereign default in history
The world’s most indebted country is ancient power Greece, with general government net debt that is 173% of its GDP

Sources:
http://www.zerohedge.com/news/2013-11-24/why-fed-cant-see-bubble-equity-valuations
http://news.yahoo.com/default-looming-argentina-urges-calm-185650517.html;_ylt=AwrSyCXY5dZTfWMAmzLQtDMD
http://www.kennedys-law.com/article/sovereigndebt/
http://www.forbes.com/sites/danalexander/2013/11/08/worlds-largest-debtor-governments-2013/