There is little doubt that the United States economy is edging closer to collapse. The U.S. is facing not just a recession but a depression and almost everyone in the U.S. mainstream press is in denial. The major cable news networks prefer to run story after story on celebrity sex scandals and other perversions than to talk seriously about the tanking U.S. economy. There is literally no good economic news. This past week we’ve seen oil reach a record high of $147 a barrel and we are also starting to see future predictions of $200 and even $300 for a barrel of oil. As if that wasn’t bad enough, the 2nd largest bank failure in U.S. history took place this past week and there are even predictions that 150 banks could fail over the next 12 to 18 months. Mortgage giants Fannie Mae and Freddie Mac which were facing collapse last week are now going to be bailed out by the U.S. government at great cost to the American people. Foreign interests continue to buy up what’s left of America as Anheuser Busch just got bought out by a European company. Along with all of this horrible news, the U.S. Dollar continues to lose more and more value as the Federal Reserve crime syndicate refuses to implement policies to defend the validity of the currency. The insanity of this is unparalleled.