Why Government is More Afraid of Debt than Depression

[subsuelo]

Run time: 10:19 https://www.youtube.com/watch?v=E3DsmGvVqiw   Posted on YouTube: December 16, 2010 By YouTube Member: TheRealNews Views on YouTube: 4893   Posted on DU: December 18, 2010 By DU Member: subsuelo Views on DU: 1425

 
Now here is someone that understands what is happening with the economy.

[nadinbrzezinski]

1. Yep and some of us have been saying this as well

why we will also see a crash.

[Citizen Worker]

2. As a friend likes to say, this will stop only when there are a few steaming gut piles at the base of

a few trees.

[Skink]

3. wage stability.

:rofl:

[soryang]

4. Michael Hudson never gets on MSM

The reason is obvious!

Capital flight is a terminal problem. So is the destruction of tangible capital investment in the manufacturing sector. Without tariff restrictions and higher marginal rates of taxation on wealth and corporations, without real regulations on Wall Street, we're going down. I just read a good projection on bond interest rates, projecting a further serious economic collapse in 2014 when the Fed can no longer monetize the debt below 4.5 percent. So much of the government budget will be dedicated to debt service, there will be a complete breakdown of the economy.

[subsuelo]

5. MSM has an aversion to the truth. n/t