Posted: 09 Jun 2013 03:58 AM PDT Our economy is, as it has been for many years, on the brink of collapse. They may not have announced it officially just yet, but recent data suggest that we are most certainly in another recession (we may never have actually gotten out of the first one). While official statistics indicate there is very mild economic growth, the fact is that the growth is coming from monetary expansion driven by the Fed. As more money is slammed into the system prices rise, forcing consumers to pay more for everything from food to stocks. This, in the eyes of the government is growth. In reality, however 55% of America’s wealth has been vaporized in the last five years, a quarter of American households are on food stamps, and consumers are tapped out
Posted on: Sun, 09 Jun 2013 14:44:05 +0000
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