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How the U.S. Will Become a 3rd World Country (Part 2)

The United States is quickly coming to resemble a post industrial neo-3rd-world country. Unemployment, lack of economic opportunity, falling real wages and household incomes, growing poverty and increasing concentration of wealth are major trends in the U.S. today. Behind these growing problems are monetary...

Posted to Hera by Ron Hera on Sun, Jul 1 2012
Filed under: Filed under: Federal reserve, CPI, GDP, IMF, OTC derivatives, unemployment, federal deficit, federal debt, Banking Act of 1933, income tax, federal employee retirement benefits, True Money Supply, CFMA, Dodd–Frank Wall Street Reform and Consumer Protection Act, federal government, U.S. Military, Supplemental Nutrition Assistance Program, too big to fail, wealthiest 1% of Americans, payroll tax, wars in Afghanistan, The Quiet Coup, carbon tax, Milton Friedman, Emergency Economic Stabilization Act, Allen Greenspan, CFTC, Glass–Steagall. Commodity Futures Modernization Act, SNAP, Simon Johnson, war in Iraq, USA PATRIOT Act, U.S. Department of Health and Human Services, distribution of wealth, U.S. Census Bureau, corporate tax, FYFSD, financial weapons of mass destruction, Medicare, International Monetary Fund, wages, national sales tax, FBI, SEC, value added tax, Bankruptcy Abuse Prevention and Consumer Protection Act, Gross Domestic Product, Consumer Price Index, capital gains tax, Social Security, NFORBRES, VAT, TMS, food stamps, EMRATIO, Securities and Exchange Commission, Commodities Futures Trading Commission, U.S. economy, lobbying, poverty, CPIAUCSL, corruption, GLB, Federal Bureau of Investigation, median household income, Citizens United v. Federal Election Commission, BAPCPA, AHETPI, Gramm–Leach–Bliley Act, bank bailout, unfunded liabilities, U.S. Department of Agriculture, Gini Coefficient

How the U.S. Will Become a 3rd World Country (Part 1)

The United States is increasingly similar to a 3rd world county in several ways and is accelerating towards 3rd world status. Economic data indicate a harsh reality that obviates mainstream political debate. The evidence suggests that, without fundamental reforms, the U.S. will become a post industrial...

Posted to Hera by Ron Hera on Sun, Jul 1 2012
Filed under: Filed under: Federal reserve, CPI, GDP, IMF, OTC derivatives, unemployment, federal deficit, federal debt, Banking Act of 1933, income tax, federal employee retirement benefits, True Money Supply, CFMA, Dodd–Frank Wall Street Reform and Consumer Protection Act, federal government, U.S. Military, Supplemental Nutrition Assistance Program, too big to fail, wealthiest 1% of Americans, payroll tax, wars in Afghanistan, The Quiet Coup, carbon tax, Milton Friedman, Emergency Economic Stabilization Act, Allen Greenspan, CFTC, Glass–Steagall. Commodity Futures Modernization Act, SNAP, Simon Johnson, war in Iraq, USA PATRIOT Act, U.S. Department of Health and Human Services, distribution of wealth, U.S. Census Bureau, corporate tax, FYFSD, financial weapons of mass destruction, Medicare, International Monetary Fund, wages, national sales tax, FBI, SEC, value added tax, Bankruptcy Abuse Prevention and Consumer Protection Act, Gross Domestic Product, Consumer Price Index, capital gains tax, Social Security, NFORBRES, VAT, TMS, food stamps, EMRATIO, Securities and Exchange Commission, Commodities Futures Trading Commission, U.S. economy, lobbying, poverty, CPIAUCSL, corruption, GLB, Federal Bureau of Investigation, median household income, Citizens United v. Federal Election Commission, BAPCPA, AHETPI, Gramm–Leach–Bliley Act, bank bailout, unfunded liabilities, U.S. Department of Agriculture, Gini Coefficient

Medicine Dies in America

By Monty Pelerin , posted December 21st, 2009 http://www.economicnoise.com/2009/12/21/medicine-dies-in-america/ For those who want an explanation of how our health care system got so bad, the following article written in 2000 in The Freeman provides an answer. It was not the free market, but government...

Posted to Monty Pelerin's World by Monty Pelerin on Mon, Dec 21 2009
Filed under: Filed under: healthcare, medicare, The Freeman

Stansberry: Bankruptcy of the US is Now Certain

Stansberry: Bankruptcy of the US is Now Certain By Monty Pelerin , posted November 30th, 2009 http://www.economicnoise.com/2009/11/30/stansberry-bankruptcy-of-the-us-is-now-certain/ This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now...

Posted to Monty Pelerin's World by Monty Pelerin on Mon, Nov 30 2009
Filed under: Filed under: debt, Government, insolvency, bankruptcy, medicare

Spiraling To Bankruptcy

If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything. The economy is in bad shape. Some say it is worse than any time since the Great Depression. I...

Posted to Monty Pelerin's World by Monty Pelerin on Sat, Nov 28 2009
Filed under: Filed under: debt, Government, insolvency, bankruptcy, medicare