Economy Fueled by Debt

[Robert Oak]

Economy Fueled Funded and Feed Debt


Total debt is now 168% of total GDP. The above blog post discusses this.

I also wanted to invite anyone focused in on trade, economics, deficits to the new community blog:

The Economic Populist

Anyone can post a blog and it's free. We hope to increase awareness of trade, economic policy and hope you stop by, contribute, enjoy the site.

[villager]

1. so we the poor (which now includes that formerly known as "middle class")

are simply debt slaves, here to prop up the rich...

I'm not even sure I should put a question mark at the end of that sentence...

[crazymans economics]

5. Published value and perceived value...

are the two greatest illusions of actual wealth. Millions are racking up real debt based on their perceived value, and soon, that is going to come back to bite them hard.

[ORDagnabbit]

2. good vid on it

www.moneyasdebt.net

[Robert Oak]

3. youtubes

You can embed youtubes (just copy the embed code) on www.economicpopulist.org, we encourage it. Analyzing the details on trade, economics, budget deficits, taxes and why it's so critical, how it affects the national economic interest, working America is very difficult for people to wrap their heads around. The Democratization of tutorial by Internet videos can go a long way in explaining what's really going on. I hope ya all consider posting on the new site. There is no single community blog (where anyone can create a blog versus just comment), out there focusing in on
these issues and they get buried in the other topics on the major blogs.

[fasttense]

4. Charles McMillion's description of the misleading productivity growth is very

informative:

"Reflecting the production shortfall from the trade deficits, BLS data show output growth since 2001 is among the weakest since the Depression and the gain in total hours worked (just 0.5 percent) is, by far, the weakest. This is why productivity growth has appeared misleadingly healthy; productivity is a measure of output per hour of labor."

[Robert Oak]

6. McMillion now posting

Great news, McMillion posted his entire work on The Economic Populist

Come over and comment, it's a damning piece. I hope we can turn more experts into bloggers for there is no doubt the details and statistics never hit MSM and why people just are not demanding a dramatic change in policy. They just don't know the details
and that is where the devil is.