The Real Reason the Economy Is Broken (And Will Stay That Way)

Peak Prosperity ^ | 2-16-2013 | Chris Martenson

[blam]

And....

A Scary Reality About Wal-Mart's Customers: They're Broke

[Gaffer]

It is broken because more than half of its able adult population does not want to work because they can subsist very nicely on Obama money. The other lesser half sees this and increasingly starts to wind down their ambitious capitalist endeavors if favor of minimizing the stealing that is besetting them.....

This problem is further compounded by dozens of millions of illegal aliens are here robbing, raping and murdering us (through disease, alcohol, guns/knives and inundating our K-12 public education institutions with their sweet little Reconquistas)......

We are so totally screwed. The only hope is to break the union now.

[P.O.E.]

Harrisburg potholes get honorable (?) mention.

PA Ping!

If you see posts of interest to Pennsylvanians, please ping me.

Thanks!

[Gaffer]

Re: your sinkhole part. Atlanta has a major major infrastructure of sewers and water service that is approaching over 120 years old. There have been cases like you show but on a larger scale - people died in these.

The Federal Government used to fine Atlanta constantly because of sewer overflows, etc. back in Bush’s time. I guess Obama is giving Kasim Reed medals and awards instead.

Why is this? Well, in 1972 Atlanta got its first black mayor and has had black mayors ever since. And, it is the reason why nothing substantive has been done about the infrastructure, education or other public City endeavors.

“Once you go black, you never go back” takes on a whole new meaning. Racist? Yes, probably. But it is true.

[knarf]

That's a lot .. to explain widgets are made cheaper in China than the US.

We jump for joy and anticipation by the announcement ... not the fact, but the announcement of maybe a widget factory will look into our community to build a factory that will put 250 people to work.

In a town of thousands or a city of tens/hundreds of thousands, eleventeen times more applications are initiated than can possibly be accepted.

THAT'S the psycological and physical state of our nation.

I grew up in the Boston area and NEVER had to look hard for a job and almost always walked in on a Thursday or Friday and started Monday.

After school, part time or full time .. it was all available.

Now, as an adult, and more aware .. I can understand that where I lived was (though I lived in a 'burb) bustling with manufacturing type work.

The key to a successful American economy is .. IMO .. manufacturing ... widgets, if you will ..

Build factories, not unions or political parties.

[rockinqsranch]

Had to read “Conclusions” twice as one has to be alert while reading some articles, and I am in a hurry to get outta here to my chores right now, but yes the author is saying basically the same thing we all are saying, and that is Drill Baby Drill, ‘cause it’s gonna take a long, long time for any alternatives to become viable.

Mrs. RQSR is ranting right now....something to the effect we need to rebuild our country, our economy again after the destruction by the Leftist’s, and other than that I cannot repeat her venomous commentary on a family site. She’s ticked off BIG TIME! I agree with her.

[CommieCutter]

Nice wealth redistribution comments at the bottom of that article. Now they’re mad at the Wal-mart heirs? None of these bastards now how to start a store let alone control their finances with a weekly pay check by living within their means.

I’m so sick of these losers that don’t contribute.

[HangnJudge]

The single best marker for economic vitality is Velocity

M1 Multiplier is persistantly below 1

Household net worth continues to tank

And the GDP Velocity is at historic lows

[HangnJudge]

Corporations are stockpiling cash equivalents

[Attention Surplus Disorder]

Chris Martenson has a quite excellent presentation that I highly recommened, called “Crash Course”.

http://www.peakprosperity.com/crashcourse

The one glaring (to me) error in his otherwise great presentation is his insistence upon “peak oil” and global warming and all the accompanying lore on those topics.

And indeed, he could be right about about peak (crude) oil production without having taken into account the boom in NatGas production and the potential for the increased uptake of NG into the US fuel consumption picture and the concomitant reduction in dollars sent overseas for foreign oil. The increase in NG could well be a positive factor in the US economic picture.

Other than that one beef I have with his views, “Crash Course” is superb.

[ConservativeInPA]

Harrisburg potholes

Harrisburg is the model of what is wrong with America. It is ironic that the model of what is right about America can be found several miles to the west of Harrisburg. Low taxes at the county and local level, low unemployment, new businesses, reinvestment in infrastructure, good schools, low crime and a majority of the people are Republicans. The difference between Harrisburg and here is demographics. They don't call the West Shore the White Shore without reason.

The people in Harrisburg are so uneducated, ignorant and liberal that they would never think about looking a few miles away for a better way to do things. They rather look at other failed cities.

[sauropod]

.

[penelopesire]

This writer bemoans that the fed is only nibbling around the edges of the root cause, yet the writer is only nibbling around the edges himself. The root cause is that socialism never works and true free enterprise has not yet been tried. Wall Street bailouts are not free enterprise,Obamacare is not free enterprise,special tax breaks to Facebook and other Obama cronies are not free enterprise. Bailouts to unions are not free enterprise. You get my point.

Getting away from fossil fuels,like this writer suggests, is not the answer to this problem. Getting rid of Obama, the dems and rinos is the answer. A transition from dependency to self reliance is the answer. A smaller government is the answer. Unfettered free enterprise is the answer.

We will not recover in full until socialism is completely abandoned in all of it’s parts and disguises.

[ex-snook]

If oil is $1 per barrel it will be that way for the whole world. Our problem is not oil. Our problem is that about all you buy is made with labor somewhere else. Make it here, is the only recovery.

[Nowhere Man]

Why is this? Well, in 1972 Atlanta got its first black mayor and has had black mayors ever since. And, it is the reason why nothing substantive has been done about the infrastructure, education or other public City endeavors. “Once you go black, you never go back” takes on a whole new meaning. Racist? Yes, probably. But it is true.

No, I don't think you're racist, maybe a "race realist." My father and I had a long discussion on this and he said, "one thing we don't do that the Blacks and most Hispanics do is stick together, whether it is for good or bad." He added, "instead we fight amongst ourselves." First off, if a person understands what America is all about, I don't care on skin color or where they came from. I've voted for Alan Keyes in the 2000 primary over G.W. Bush. I'd vote for Herman Cain, Walter Williams and so on in a minute. Still overall, many minorities tend to be monolithic or nearly so when they vote and what they expect the system to do for them.

We humans are not really that far from the caves. We do have basic animal instincts that lay deep within the R-Complex (Reptillian) part of the brain as well as the more mammalian part called the limbic system. Through millions and billions of years, life has learned many things to survive. Some animals of the same species and type bound together for common survival, it is common evolution, those that learned these ideas survive while others did not. Same with humans, until it is proven that someone who is different is of good character and can be trusted, naturally suspicions will arise. We are still much like that today with the exceptions of those who took the PC hook, line and sinker, they traded their survival instincts to "play kumbaya." We do not need to take the first to the point of enacting genocide of course but the latter is a sure form of suicide. I like what Ronald Reagan said, "trust but verify."

Getting back to my discussion with Dad, I'm afraid he is correct when I go out and verify for myself. I hate to think that way, it even goes against my hard core libertarian beliefs, but I cannot deny the truth.

It's like when we took in my aunt's Burmese cat, Muffin. Because my cousin kicked her when he was high and stoned on drugs, she did not like men. She did warm up to me because over time, she could trust and verify that I'm OK. It's like that with people.

One last note, any Freepers that belong to any of these groups, I'm not talking about you, you get it and I applaud that, I'm just going on what I see at large.

[Carriage Hill]

Fill 'em all in with subhuman muzzie filth, pack-tightly with semi-liquid pigshit-binder, top-off 1" ½" crushed bluestone on surface, re-tar, let dry and roads are emminently-usable again. Solves 2+ problems, simultaneously at a fraction of the cost.

[kaehurowing]

I am not losing sleep. Obama promised he would take care of me.

[Cringing Negativism Network]

Bump.

[preacher]

The Real Reason the Economy Is Broken (And Will Stay That Way)
http://www.youtube.com/watch?v=bYkl3XlEneA