EconWatch.com > The (Nearly) Impossible Challenge of Creating a Sustainable ...
[How to Save the World] Yesterday I explained what Jérôme Guillet in the European Tribune calls The Anglo Disease, and how it has produced a completely dysfunctional economy in many affluent nations (and co-dependence with struggling nations). I used the example illustrated above of a fictitious national economy that generates its wealth entirely by printing money, persuades other nations to accept that money in return for real goods, and addicts its citizens to living off a stock market Ponzi scheme believing, because the price of their shares is ever-increasing (giving them additional borrowing collateral), that they are somehow well-off despite not producing anything of value.
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[The Secrets of Forex Trading, Money and The Federal Reserve] The Federal Reserve - The Largest and Most Sophisticated Ponzi ...: If they truly represented “WE THE PEOPLE”, they would mint the coin, pay off the unlawful debt, and free us from the unseen hands of the MONEY-CHANGERS. However, there is a problem using this method, this method would leave the MONEY-CHANGERS with $5 trillion in their pockets.
[carapace] Monday April 21, 2008 - Dont believe everything you think”¦: and sometimes that seemed rather contrarian, especially when the nightly news was giving the nations economic growth such constant positive press. Of course, so much of what was thought to indicate an amazing boom period for America, such as the incredible housing upturn, now in large tracts of the country that has largely turned out to be a bust.
[money blog] Cultural Spending Neurosis: How a Nation Went From Prudence to ...: Consumer psychology still can’t understand why fuel is rising or why everything from education to groceries are costing much more. The perfect scheme was to con people into believing that going into debt, meaning you were spending tomorrow’s dollars today, was somehow a prudent way toward wealth.
[The Housing Bubble Blog] Cleaning Up A Mess Called ”Hurricane Greed: The subprime lending boom began in 2002 as interest rates dropped to historic lows, leaving mortgage companies and Wall Street with excess billions to spend and invest. That boom went bust in 2007 as real estate prices plummeted, leaving people owing more than their homes were worth.”
[Life Dreaming] I Believe In Capitalism Because I Believe In Jesus: I believe in capitalism because I believe in Jesus. The promotio5B4n of free-market capitalism simply amounts to promoting the Christian economic system, as one part of the Christian worldview.
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