How Dangerous is This Moment?

[Dokkie]

Run time: 10:53 https://www.youtube.com/watch?v=y61Wy78fIJ4   Posted on YouTube: August 28, 2011 By YouTube Member: TheRealNews Views on YouTube: 305   Posted on DU: August 28, 2011 By DU Member: Dokkie Views on DU: 2322

 
Jeff Madrick, author of the Age of Greed, says with wages flat austerity measures and the domination of finance we face a very dangerous decade

[xchrom]

1. recommend

[Enthusiast]

2. K&R.......................nt

[chervilant]

3. Oh, look...a sparkly!

For 2007-2010, real GDP decreased at an average annual rate of 0.3 percent; in the previously published estimates, real GDP had increased at an average annual rate of less than 0.1 percent.

This is current GDP Data, released at "8:30 A.M. EDT, FRIDAY, JULY 29, 2011BEA 11-38" by the US DOC, BEA. I copied the entire press release, fearing it would have a briefer lifespan than an ice cube in a forest fire. I have seen NOTHING about this data in the M$M or on either of the 'left-leaning' blogs I frequent. Not a SINGLE economist has acknowledged this data.

In other words, by definition, our nation has been in a depression these past four years. However, just as they did in the 80s, the Big Dogs in the financial arena are obfuscating and/or omitting key information, so that much of the citizenry remains deluded and/or uninformed.

I've told friends, family, and fellow activists for at least five years that the proverbial El Toro Poo Poo is hitting the fan. We're watching it happen every single day now.

[pam4water]

4. K&R

[LongTomH]

5. Kick -- too late to rec

Jeff Madrick's message needs to be heard!:kick: