PAGES

Pages

30 January 2009

THE STATE OF THE UNSTABLE ECONOMY

“Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it”
--Ronald Reagan
Every ponzi\pyramid scheme must eventually collapse under the weight of its own greed. Just ask Bernie Madoff. Unconscionably, many of the corporate and political elite make millions of dollars before the criminal enterprise is revealed. Our fraudulent monetary system is no exception. But the present problem is with all the band-aid bailouts. It's just a continuation of the corrupt system of feeding the rich at the expense of the middle class. Let the system completely collapse - let the corporate criminals and local, state, and federal governments file for bankruptcy. Only after a total economic meltdown can the Phoenix rise once again - hopefully with a more people-friendly plan.
---
1) Retailers Unravel
"More stores could go out of business."
http://www.cnbc.com/id/15840232?video=1014328132&play=1
---
2) U.S. recession knows no borders

"Our recession is spreading across the Pacific Ocean to the booming Asian economies."
http://www.moneyandmarkets.com/us-recession-knows-no-borders-29457
---
3) Mountains of Doom
"Discussing the stimulus and the disaster that is the world economy."
http://www.cnbc.com/id/15840232?video=1015456793&play=1
---
http://www.pagenews.info

No comments:

Post a Comment