The Rich Have Stopped Spending And That’s Tanked The Economy: New Study : NPR
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Illuminati Dodge Ball – ANDY’S FORUM
The system is constantly conjuring up ways to nickel and dime you. Americans have become incredibly naïve, far too trusting of a system which proves over and over on a daily basis that it most definitely cannot be trusted. Conversely we have become far too cynical of the people, who do heroic things every day. We must reverse this dichotomy. Trust the people, do NOT trust the matrix. Be generous to friends, family, the people and the natural world, but learn to be stingy in your dealings with the system. This is another one of those dogmas which must be examined.
‘Normal Is the Problem’ | The Tyee
Since 1970, an outpouring of normality has just about destroyed the Earth: It has created an abnormal economic machine, blind to energy spending, that doubled the global population and boosted per capita consumption by 45 per cent.
At the same time the so-called value of global economic activity grew by 300 per cent. Meanwhile global trade has exploded like a coronavirus by 900 per cent. To support all this consumption and trade, the extraction of “living materials” from nature has jumped by 200 per cent.
Now here’s just a partial list of the cost of all this exponential normality: Humans have appropriated or altered 70 per cent of the world’s lands with mines, roads, industrial farms, cities and airports. We have engineered more than 75 per cent of the world’s longest rivers. We have filled the ocean with plastics and slaughtered coral reefs. Anyone who calls that kind of behaviour normal is crackers. It’s ecological imperialism, and nothing more than a full-scale assault on the dignity of local life.
Bad Medicine? Federal Debt and Deficits after COVID-19
In January 2020, the Congressional Budget Office (CBO) projected that the federal budget deficit (a negative surplus) would total $1.015 trillion in fiscal year (FY) 2020 and $1 trillion in FY 2021.1 Those projections are now obsolete because of the many actions taken by government officials to fight the COVID-19 pandemic. These actions, while designed to prevent a health crisis of an unknown magnitude and duration, have nonetheless helped trigger massive job losses and the shuttering of businesses. A deep recession is likely. The deep recession will further increase the size of the federal budget deficit since lower economic activity will reduce tax revenues and automatically increase certain types of federal expenditures (e.g., unemployment benefits).
This is an interesting article, but when you get to the end, you have to think something missing.