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Memo to Larry Summers: It’s Secular Saturation (Not Stagnation)
Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL)
On the last day of calendar 2016, total US public debt jumped by $98 billion, mostly as a result of end of quarter Social Security debt allocation, which accounted for $70.4 billion of the daily increase. As a result, total US government debt on December 30, 2016 was $19,976,826,951,047.80.
Submitted by Charles Hugh-Smith via OfTwoMinds blog,
An economy that only serves the prosperity of the protected top 5% is an economy doomed to rising inequality, stagnation and widespread social discontent.
Submitted by John Whitehead via The Rutherford Institute,
“When did the future switch from being a promise to being a threat?” ? Chuck Palahniuk, Invisible Monsters
In January 2009, just three days after his inauguration, an arrogant President Obama, a "community organizer" and one-term senator from Illinois, proclaimed to then Republican Whip Eric Cantor that "elections have consequences, and at the end of the day, I won." Unfortunately, he was absolutely right and the consequences of Obama's election, having already crushed the coal industry, are about to bring the restaurant industry crashing down as well.