The process is identical in all major countries: when they can’t satisfy the populace with bona fide manufacturing jobs, governments try to fob their citizens off with “loans” and “entitlements” which are never paid for but created with money from thin air. Several examples of how this has enabled spastic companies to remain alive – albeit dying a slow death. The same is now true of entire nations, including the U.S. The latest on the TPP Fast-Track rejection by the Senate on Tuesday. The current depression compared with that of the 1930s. Tip: how to get your student loan debt “forgiven”. (A Wake-up Call special bonus!) The example of Ancient Rome shows how futile it is to hope you can ‘change’ your government. Greece pays its most recent loan payment from money it has already paid out! Look, Ma, no hands! Fine art prices hitting all-time records: another nail in the coffin of the bubbles. A lengthy discussion of sound banking as set off against what we have today.
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