Is The Recovery Real?

If the Federal Reserve has to monetize the federal deficit, the world will turn its back on a rapidly depreciating dollar.

If the Federal Reserve has to monetize the federal deficit, the world will turn its back on a rapidly depreciating dollar.

As long as Muslims hate and fear one another more than they hate their conquerers, they will remain a vanquished people.

There will always be Americans who will believe whatever the government tells them no matter how many times they know the government has lied to them.

Joseph Stack, frustrated American, flew his airplane into an Austin, Texas, office building. He was one of the 79 percent of Americans who have given up on “their” government.

Today Social Security revenues are being used to fund trillion dollar bailouts for Wall Street and to fund the Bush/Obama wars of aggression against Muslims.

The rapidity with which the U.S. is being transformed into a police state is astonishing. It has occurred under the guise of “the war on terror,” itself a product of 9/11.

When the rest of the world realizes the inflationary implications, the US dollar will lose its reserve currency role. When that happens Americans will experience a large economic shock as their living standards take another big hit.

There is no more complete or compelling evidence of a police state than the government announcing that it will murder its own citizens if it views them as a “threat.”

When free market economists talk about markets deciding this or that, they are reifying a social institution and ascribing to it decision-making power. Socialists make the same mistake when they blame markets for the results of human action.

The short answer is that the financial crisis is not over, the recovery is not real, and the U.S. faces a far worse crisis than the financial one.