Debt based system running out of steam Paul Craig Roberts

[MindWars]

Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, sees trouble for the economy. Dr. Roberts explains, “This image of a strong stock market is based essentially on debt, borrowing and debt, money creation and debt. It’s a false signal that shows prosperity, and it’s not really there. . . . So, during a period of time when there has been no interest income on peoples’ savings in the form of bonds or CDs, there has also been no growth in Social Security income. So, the elderly, or the largest block of them, are hard pressed. The young come out of school with student debt and no good jobs. A large percentage can’t find sufficient employment to support an independent existence. They can’t possibly pay off the loans. So, wherever you look, you see a debt based system that’s running out of steam.”

Debt Based System Running Out of Steam-Paul Craig Roberts | Greg Hunter’s USAWatchdog
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don't worry the Government will take great care of you when the bottom falls out. You can line up for the Governmental cheese, and bread. Shelters well i'm sure they have some where special for those caught off guard.

 

[Toddsterpatriot]

So sad.
No improvement in Roberts' mad cow disease.

 

[EdwardBaiamonte]

Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, sees trouble for the economy. Dr. Roberts explains, “This image of a strong stock market is based essentially on debt, borrowing and debt, money creation and debt. It’s a false signal that shows prosperity, and it’s not really there. . . . So, during a period of time when there has been no interest income on peoples’ savings in the form of bonds or CDs, there has also been no growth in Social Security income. So, the elderly, or the largest block of them, are hard pressed. The young come out of school with student debt and no good jobs. A large percentage can’t find sufficient employment to support an independent existence. They can’t possibly pay off the loans. So, wherever you look, you see a debt based system that’s running out of steam.”

Debt Based System Running Out of Steam-Paul Craig Roberts | Greg Hunter’s USAWatchdog
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don't worry the Government will take great care of you when the bottom falls out. You can line up for the Governmental cheese, and bread. Shelters well i'm sure they have some where special for those caught off guard.

2% GDP caused by the highest taxes in the world and insane regulation is not running out steam it 2% GDP caused by taxes and regulations.

 

[Jomama]

Don't underestimate the stimulative effect of trillions in deficit spending, zero interest rates and cheap petroleum. This economy would be in the ditch without them.

 

[EdwardBaiamonte]

Don't underestimate the stimulative effect of trillions in deficit spending, zero interest rates and cheap petroleum. This economy would be in the ditch without them.

more importantly all the above libNazi interventions were necessary to correct previous libNazi interventions which have combined to give us a 2% economy. The best economy is a capitalist economy.