Are You Ready for the Next Financial and Economic Crisis?

Wednesday, October 28, 2009
Are You Ready for the Next Financial and Economic Crisis? / Economics / Great Depression II

By: Paul_Craig_Roberts

Evidence that the US is a failed state is piling up faster than I can record it.

One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests.

Another conclusive hallmark is rising income inequality as the insiders manipulate economic policy for their enrichment at the expense of everyone else.

http://www.marketoracle.co.uk/Article14576.html

n/t

I don't remember ANYONE making snarky comments when PCR was railing against the Bush cabal. Quite the contrary.

The Herd does what it does.

Follow.

And thus it will be until the false paradigm is broken.

Looks like the country has been sold to the highest bidder. The saddest part for me is that both parties are up to their necks in this mess, leaving the rest of us to fend for ourselves. We're the beggars at the banquet, taking whatever crumbs are left after the PTB have gorged themselves.

without causing massive problems for your currency. That is the economic truth, regardless of politics.

We need to make massive cuts to defense spending and raise taxes bt $1T mainly on the wealthy.

The stark increase in US income inequality in the 21st century coincides with the offshoring of US jobs, which enriched executives with "performance bonuses" while impoverishing the middle class, and with the rapid rise of unregulated OTC derivatives, which enriched Wall Street and the financial sector at the expense of everyone else.

Millions of Americans have lost their homes and half of their retirement savings while being loaded up with government debt to bail out the banksters who created the derivative crisis.




Nothing is going to get better until the jobs come back and the government starts representing the average person. All we have now is a fascist oligarchy and taxation without representation (unless you pay your "representatives" large sums of money).
:mad: