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"Former Middle Class Family Loses Sight Of The American Dream": Yahoo!

  1. fishskinfreak2008 profile image60
    fishskinfreak2008posted 7 years ago

    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.

    1. Ron Montgomery profile image61
      Ron Montgomeryposted 7 years agoin reply to this

      I know, Right?

      1. Greek One profile image71
        Greek Oneposted 7 years agoin reply to this

        Exactly, you know?

        1. Uninvited Writer profile image84
          Uninvited Writerposted 7 years agoin reply to this

          Ain't it the truth?

    2. profile image0
      jerrylposted 7 years agoin reply to this

      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.

  2. lovemychris profile image58
    lovemychrisposted 7 years ago

    Wow jerryl--you explain that better than anyone I've ever read! Very astute and to the point.
    Freaking shameful,and criminal.

    1. profile image0
      jerrylposted 7 years agoin reply to this

      Thank you,  I try.

  3. profile image0
    jerrylposted 7 years ago

    Article from Canada Free press, by Damon Frabel.