If we could just get consumers to borrow more, so that they spend money they don’t have on things they don’t need, in order to boost GDP and corporate profits, all would be fine.
That’s the current meme among [keynesian] economists.
Since 68.5% of US GDP is related to personal consumption expenditures, boosting consumer spending is seen as crucial. Since wages at the lower 75% are crummy and have not been rising enough to keep up with inflation, the only other way to prod consumers into spending more is to bamboozle them into borrowing more and blowing this moolah instantly.
Cutting interest rates to zero was supposed to have helped that noble process (though consumers see those zero-rates inexplicably only on their savings and not on their debts).
So that process of growing GDP by loading up consumers with debt, which worked for decades, has stalled:
- Shanghai Shock April 19, 2016: Yuan Based Gold Standard.
- Mobs of Angry Investors Fight Market Rigging, Maul Deutsche Bank in Class-Action Lawsuit, other Banks Next
DJIA Hoax: America Is Far Stronger Than Rothschild’s Federal Reserve Derivative Debt ~ Americans Are Not Their Pawns!
The Dow Jones Industrial Average Is a Farce
Author: Wim Grommen.
Mr. Grommen was a teacher in mathematics and physics for eight years at secondary schools. The last twenty years he trained programmers in Oracle-software. He worked almost five years as trainer for Oracle and the last 18 years as trainer for Transfer Solutions in the Netherlands.
The last 15 years he studied transitions, social transformation processes, the S-curve and transitions in relation to market indices. Articles about these topics have been published in various magazines / sites in The Netherlands and Belgium.
Reports to Down Detector about SNAP EBT cards not working began coming in at a furious pace on Friday across the nation. From Virginia to Iowa to Alabama to Minnesota to New Mexico to Missouri to Idaho, reports of non-received payments to ‘can’t purchase anything on it’ came flooding in as seen in the screenshot comments below.
One commenter warned back: ‘LOL!!! You SHEEP haven’t seen anything yet…This is just a BETA test to see how you idiots will react. The REAL event is going to happen this September.’
(NaturalNews) Monsanto’s business model is falling apart right in front of their own face, because the biotech firm blatantly disrespects the property rights of farmers, contaminating their fields with unauthorized genetically modified seeds.
These unapproved GMO seeds inevitably cross-contaminate farmers’ fields, effectively destroying their yields. That’s exactly what happened in Oregon last year when some unauthorized “zombie wheat” from the Monsanto Company went from the lab and intermixed with a farmer’s natural wheat.
The debacle disrupted wheat exports as Japan and South Korea blocked shipments. A contingency of farmers have joined forces and sued Monsanto.
- SOUTH KOREA & JAPAN SHUTS DOWN U.S. MONSANTO TOXIC WHEAT IMPORTS!
- SEEDS OF DEATH: IN DEPTH MOVIE ABOUT THE REALITIES OF MONSANTO’S GMO POISONING.
Denver Students Stage Walkout Over Censoring American History: Also Happening In Mexico Simultaneously.
Hundreds of students walked out of classrooms in suburban Denver on Wednesday in the largest protest yet of a conservative-led school board proposal to focus U.S. history lessons on topics that promote citizenship, patriotism and respect for authority — a show of civil disobedience that the new criteria would aim to downplay.
The student protest in Jefferson County, involving six high schools in the state’s second-largest school district, follows a sick-out by teachers that shut down two high schools in the politically and economically diverse area, which has become a key political battleground.
Student participants said their action was organized by word of mouth and social media. Many waved U.S. flags and carried signs with messages such as “There is nothing more patriotic than protest.”
“It was kind of just spur of the moment,” Ashlyn Maher, a Chatfield senior who helped organize Wednesday’s protest, told the Denver Post. “I heard one teacher was so moved by people leaving that she started to cry.”
- Why The United States Citizens Must Clean Out The House!
- Mexico: Students Walk Out In Mass Protest Over Curriculum Changes
Ron Finley plants vegetable gardens in South Central LA — in abandoned lots, traffic medians, along the curbs. Why? For fun, for defiance, for beauty and to offer some alternative to fast food in a community where “the drive-thrus are killing more people than the drive-bys.”
- 800 Scientists Demand The End To Global GMO “Experiment”.
- States Trump The Federal Government Offices Of Washington D.C.