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Showing posts with the label Poverty Trap

Mainstream Economists Are Struggling to Hide the Incoming Economic Collapse

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Mainstream Economists Are Struggling to Hide the Incoming Economic Collapse By  Brandon Smith For many years now there has been a contingent of alternative economists working diligently within the liberty movement to combat disinformation being spread by the mainstream media regarding America’s true economic condition. Our efforts have focused primarily on the continued devaluation of the dollar and the forced dependence on globalism that has outsourced and eliminated most U.S. manufacturing and production of raw materials. The problems of devaluation and stagflation have been present since 1913 when the Federal Reserve was officially formed and given power, but the true impetus for a currency collapse and the destruction of American buying power began in 2007-2008 when the Financial Crisis was used as an excuse to allow the Fed to create trillions upon trillions in stimulus dollars for well over a decade. The mainstream media’s claim has always been that the Fed “saved” the U.S. f...

Do Americans Know What a Massive Ripoff American Life Really Is?

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Thanks to St. Jimmy (Russian American) for recommending this article... Do Americans Know What a Massive Ripoff American Life Really Is? What it Means When I Say America is the World’s First Poor Rich Country umair haque I’ve recently moved to the States — shudder — for a year or two. And I’m shocked at how expensive just  life  is. For no good reason at all. When I put my economist hat on, a fact becomes clear to me. American life is a gigantic rip-off, one of the world’s biggest, and that’s why America is now effectively a country of poor people, and that makes it a nation of angry, cruel, and selfish ones, too. But I’m getting ahead of myself. Let me start over.  American life is the biggest ripoff in the world .  Or at least one of the biggest, in the top five, certainly. Just…existing. It costs way, way more than it should. So much so that America cannot ever move forward as a society. So, trapped in a cycle, which economists call a “poverty trap,” Americans now...