3 Things America Needs to Do to Get the Economy Back on Track [View article]
The U. S. economy is a Ponzi Scheme based on cheap labor and large amounts of credit. When the country, both government and citizens, realize that a no-growth economy is the only economy that will work, then the U. S. will prosper. Everyone doesn't need a BMW or a gold chain around thier neck; everyone can have health care and a decent retirement. However, this state of affairs will never come about due to politics. Hence the U. S. will sink to being a minor player in history.
3 Things America Needs to Do to Get the Economy Back on Track [View article]
AIG Must Not Fail! - Cramer's Stop Trading! (9/15/08) [View article]
Here we go again. Maybe Johnson & Johnson should take over AIG. Isn't it just a Band-Aid® for the credit mess?
Liquidity = Ponzi Scheme
We need an economy based far less on unbridled borrowing.