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The American Empire in a Changing World



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Monday, July 16, 2012

''The Problem In A Nutshell: Annualized GDP Growth Of 1%; Annualized US Debt Growth of 21%''

From ZeroHedge

''While economists may waste lots of hot air debating this, that and the other about the future growth trajectory of the US economy, in the aftermath of Goldman's cut of US GDP to just a 1.1% annualized rate of growth. And with the fiscal cliff, debt ceiling, Europe, China, and a plethora of other unknowns up ahead, this number will certainly decline further.''

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