When Will Fed-Created Melt-Up Turn Into a Meltdown?

minyanville.com ^ | Apr 08, 2011 | Russ Winter

[dynoman]

14 trillion in debt proves one thing - a service economy cannot exist without a host, a manufacturing/production economy.

[MontaniSemperLiberi]

Rush should have one of those parody songs done to the tune of Little Orphan Annie’s Tomorrow.

The budget will be balanced
Tomorrow
Bet your bottom dollar
That tomorrow
There’ll be none!

Just thinkin’ about
Tomorrow
Clears away the cobwebs,
And we won’t borrow
‘Til there’s none!

[GiovannaNicoletta]

All that needs to happen to fix this problem is for someone to call the White House and tell them they are in the process of fulfilling Bible prophecy. The issue will evaporate instantly.

Thanks for the ping, mountn man.

[FastCoyote]

I’m trying to bug out now. I’ve been reading a book called Going Galt, about economic survival that’s pretty good.

https://www.createspace.com/3514336

[apoliticalone]

You hit the nail on the head. It was nothing but a 30 year illusion that the USA economy was going OK. Since the 1980s the financiers have stolen our economy. The stock market isn’t the US economy although the Fed and their bankster pals would have us believe it.

The stock market is the bankster’s economy not representative of the real economy of 300 million real Americans. All of those trillions in debt made a few ultra rich and the USA temporarily look good. Wall Street looked good but it was a sham and false front.

The greatest manufacturing economy on Earth was the real platform that made USA exceptionalism what it was and more than a just a political fantasy. The service economy (especially Wall St.) is a parasite economy that lives off of the production of real goods. Manufacturing creates a real economy because it involves natural resources, R&D, manufacturing, and a host of other activities for the economy. For every manufacturing job, 10 other jobs are fostered.

I blame both Parties for their blatant incompetence and sell out of the USA.