HowardU.S. Middle Class Economics
July 25th 2010 12:18
Real Crash- Looking at Capitalism and its Laws:
Bob Dylan, Hard Rain Gonna Fall
There has been a bit of attention to a blog, theeconomiccollapseblog.com which also has gotten play from Yahoo Tech Ticker and Yahoo Finance. This blog is edited by Mitch Snyder and has some good stuff. The blog has had a particularly good report on the local and state budget cuts and the coming collapse of police, and fireman services. The blog is also a trenchant attack on the idiocies of globalism and of allowing so many manufacturing and other jobs to be outsourced to China and East Asia.
However, unless we in the United States get Glass-Steagall type legislation to separate the global speculative bubble aka investment banking, from deposit banking, like what was done in 1933, the middle class is not just shrinking, it is finished, like the nation in general.
It is ironic that the Arizona state legislation wants local police to also serve as immigration enforcement officers at a time when local police are being cut and shrunk. Again, the paradoxes of symbolic legislation are apparent when coming against reality. Don't get sucked into symbolic right-wing (or left-wing) causes. Unless we have an economy again and stop bailing out the financial bubble aka the Inter-Alpha banking group of Lord Jacob Rothschild, aka the British Empire, we will fail. Don't believe the hype. We need the LaRouche Youth Movement, their candidates and their program. And yes, Obama must be gotten out safely but soon. As hard as it is, reports are that September 2010 is the deadline to get Obama out and avoid the consequences.
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The Political Brief
No matter how you slice it, we're in plenty of trouble!