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The United States economy is in dire trouble. With an ever-devaluing currency, an enormous trade deficit and virtually no growth in production, we are teetering on the brink of the greatest depression ever.
We are well on our way - according to Bloomberg News, jobless claims rose by 12,000 to an all-time high of 472,000 June 12. Steven Ricchiuto, chief economist at Mizuho Securities said, "If you really are going to have a sustainable recovery, you need the labor market to improve."
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