While the mainstream financial media in the United States pumps up how the U.S economy is doing so well (which is not) and blame the European economy for the instability in the markets, China has been busy trying to manage a soft landing.
John Maynard Keynes says when an economy is in recession or depression, the government should inject money into the economic system. Spend money to boost the economy, however this does little to generate demand when the citizens of a country is strapped financially.
It is even worse to print more money and inject the money into the economy, when the government itself is heavy indebted, like the U.S government with now federal debt approaching 16 Trillion dollars.
The Central Bank of Canada published data showing that younger Canadians are more debt-strapped than Canadians of the same age were just over a decade earlier (10 years ago). In 2010, the bank said the mean real debt load of a typical household led by people aged 31-35 was $120,000, up from $75,000 in 1999.
When I learned of how the United States (America) has let their debt go out of control and as well over extended their military about 5 years ago, I immediately thought about the Roman Empire.
American’s tax dollars are still being used to bail out the financial system. Secret bail outs will keep the United States in-debted continuously, there seems to be no end in sight.
American’s need to understand that the Elites (people that control the government) do not want you to know about Ron Paul and what he stands for. That is why they do not show him on the media as much as all the other “puppet” U.S presidential candidates.
The people that control the government also run the Federal Exchange and they do not want Ron Paul to become president because he speaks the “truth”. The Federal Exchange is run by the elites, to control money supply, interest rate which transfers the wealth from the poor to the rich (corporate elites, banks).
I can’t believe the Fed, changing the way they measure inflation. Oh great, further cooking and fudging of the numbers to make the economy look better than it actually is.
Everyone, who goes shopping for food realizes that there is inflation, but the U.S government keep lying to the American public, and 90% of U.S citizens are just eating it up….Duh OK we believe the government.
