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This regime has spent like there's no tomorrow...borrowing and creating paper to cover all its crimes and wars for profits. We still have no clue on the scale of this fleecing but it sure has taken a toll in many ways and will continue to as long as this regime and the repugnicans are anywhere near a public checkbook.
The defecits drove down the price of the dollar...driving up the price of oil and anything and everything associated with it. Anything that was made with, moved with or relying on oil to produce and distribute have been rising in price...and the more this regime borrows, the worse things get...driving the price of oil higher, devaluing the dollar further that means more for imports and high costs for anything that relies on the global economy...and that's a lot of things.
For many years, the corporate media hid this mess...and the shell games of banks that drove up the markets only masked the fact. Those numbers were based on speculation...not earning. Stocks would rise on "expectations" and projections, not actual revenues...and as long as that ponzi scheme went on, no one was the wiser. The debts grew and now the bill collector is calling. Add to this the repressive bankruptcy law that was ramrodded through Congress two years ago and the current mess wasn't only predictable, it was inevitable...and its gonna get worse.
The "wealthy" can't remind that way without a strong and "happy" middle class...who is gonna buy? There is a class warfare in this country but it goes far deeper than rich vs. poor as it's a specific rich representing a small oligarchy that shook off a century of government regulation with a vengeance and we all are paying the price for their arrogance and greed.
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