[The U.S. is already in a period of economic decline--one which was prophesied to occur--as the world's economic vitality is shifting to the middle east. The "unimaginable" is happening right before our eyes, yet people deny its occurance.]

APRIL 02, 2008

Ben Bernanke, the chairman of the US central bank, has admitted that the struggling US economy could fall into recession during the first half of this year.

The Federal Reserve chairman's told the joint economic committee of the US Congress on Wednesday that "recession is possible, but recession is a technical term".