U.S. Debt Crisis To Cause ‘Fall of Rome’ Warns Analyst Who Forecast Thai Crisis

Quote from ByLoSellHi:

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That only says manufacturing jobs are being lost. That's because of higher productivity, not because the sector is shrinking as a whole.
Same as only a tiny fraction work on farms anymore. Doesn't mean we have a shrinking farm sector.
Services and the professions are where the job growth is. That's been true my entire working life. That's not going to change, any more than most of us are going back to being farmhands.
 
Why is there no study showing how this collapse started with Reagan?

cut revenue collection, increase entitlements, engage in continuous useless nonsensical wars, blatant transfer of public wealth to private corporate donors, deregulate safety and health watchdogs to the point of utter stupidity, allow a flood of illegals to come in and take jobs, export every valuable job to enemy nations ....... this continuous list of master planned EVIL incompetence and stupidity began with Reagan. Prior to the internet, individual voters were fooled that the "moral majority" knew what is best.

this "moral majority" obliterated good ethical journalism, cowered the rest of the country into unconditional support of retarded national policy and gave us nonsensical issues to waste our collective energies on.

Turns out the so called "moral majority" are a satanic elite bent on destroying the nation leading a filthy illiterate minority stupefied to the point where a rock has a higher IQ. Look at the current "debate" in health care.

The stupefied ignorati fail to question why corporate funds are used to "bus" them around the nation and why their satanic leaders giving them the talking points are on the corporate dole.


Reagan started the entire program of conditioning the ignorati into accepting continuous amorphous nonsensical bankrupting wars. Started with his escalation of the cold war and SNL bailouts.

Shrub sealed the destruction by repeating Reagans bankrupting policies on a much grander scale.

Whoever is orchestrating the destruction of America has been using the republican party to engage in this willful destruction. Once in a while they allow a Democrat to be elected so the ignorati on the right can be "energized" for further destruction.





Quote from ByLoSellHi:





The U.S. has run a current account deficit every year since 1982 except one, with a peak of $788 billion in 2006. Foreign purchases of U.S. debt has propped up the dollar and allowed a credit-fueled spending boom by the nation’s consumers, according to Duncan.

Falling Wages

U.S. workers are now likely to face declining wages and that may create a political backlash against free-trade policies, he said. The nation’s jobless rate jumped to a 26-year high of 9.7 percent in August, while wages logged a 2.6 percent increase from the previous year.

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