Web-site/URL: http://news.yahoo.com/s/huffpost/201003 … ost/514851
This means that the financial crisis IS STILL GOING STRONG. A FINANCIAL crisis is defined as a lack of SPENDING which leads to a lack of REVENUE, whether we're talking about B2B or B2C sales/transactions and it's certainly true for the family being featured in this article.
Fish, Aren't you forgetting something in your statement defining a financial crisis?
You forgot about the lack of essential borrowing under this debt system.
This in turn leads us to examine the tightening of lending by the banksters.
Revenues depend on spending which creates jobs. Spending depends on borrowing, ie; credit cards and other loans. borrowing depends on the banksters willingness or ability to lend.
The bankster's fractional banking debt monetary system, has pretty much killed our manufacturing base of old. We have become a service economy, which is bailed out occasionally by the military/industrial complex and it's reliance on wars, to place a temporary band-aid on our gaping wound of an economy. Meanwhile, the fat cats get richer on the backs of the indebtedness of the middle class.
The American dream began it's decline when the congress gave control of our monetary system to the federal reserve. Check any of the historic economic data such as the growth of our national debt, our foreign trade deficit, our taxes and our cost of living.
This is why most families have a hard time treading water, even with two breadwinners working full time.
We will hear the contrarians talking about living beyond our means, but in reality, if we don't borrow, we lose our current medium of exchange. It's fraud on the people, by the banksters, through deception and control.
Wow jerryl--you explain that better than anyone I've ever read! Very astute and to the point.
Freaking shameful,and criminal.
Article from Canada Free press, by Damon Frabel.
by fishskinfreak2008 7 years ago
Web-site/URL: http://news.yahoo.com/s/nm/us_usa_taxes_pollLooks like DEMOCRATS still have at least SOME support
by fishskinfreak2008 8 years ago
http://news.yahoo.com/s/nm/20100122/ts_nm/us_obama"Let me dispel this notion that we were somehow focused on that (healthcare) and so as a consequence not focused on the economy. First of all, all I think about is how are we going to create jobs in this area".Well, healthcare is indeed...
by Ralph Deeds 5 years ago
Paul Krugman:" Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds...
by CWanamaker 5 years ago
How has the American Dream changed over the past 100 years?
by 910chris 6 years ago
I have been hearing people say recently that because Obama has done such a poor job, and he is the first black president; it will be harder for another black person to become president. It made me think, so I am wanting to put this one out there and read your thoughts on this issue. I believe that...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|