So says Paul Craig Roberts, a former Assistant Secretary of the US Treasury:
http://www.presstv.com/detail/2013/10/24/331063/us-already-third-world-economy/
You can read more of his essays @ http://paulcraigroberts.org/
If you are pressed for time, at least read this one:
http://paulcraigroberts.org/2013/10/23/ye-sow-shall-ye-reap-paul-craig-roberts/
The chickens are coming home to roost, and the stench will be horrendous.
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