The US economy is sort of like a car that took the wrong exit, and they know it. But instead of turning around they keep driving “just to see what happens”. That’s sort of how I see things happening. And, during the drive, they discuss how more “regulations” would have prevented this from happening.
Regulations don’t fix anything.
Also, get prepared for tax hikes. In January the Bush tax cuts put in place in 2002 expire, and there is going to be a split between the American people.
On one side you are going to have responsible freedom loving advocates.
On the other side you are going to have, well, how can I put this.... “Totalitarian Communist control freaks.” And that includes more than half the Congress and Senate.
I know it’s difficult to believe, but even if you believe in the income tax, it’s just one plank from the major planks of the book the Communist Manifesto. So is a Central Bank. So is a National Education System (no child left behind). So are many things. If income tax was gone, the government would still have the same amount of revenue as in the year 2000. Also, all income tax does is pay interest to private banks that create money out of nothing. So, when the banks get those big bonus checks, it’s your income tax that is paying it. There’s another word for this. Corporate Fascism. That’s when government and big business work together to do whatever the heck they want.
None of this existed before the Central Bank of 1913. That was when one income for a family was enough. Education was awesome in the United States. buildings were going up everywhere.
But banks weren’t “making enough money”. So they changed it. Now when banks screw up, they bail themselves out from the Central Bank, and then make the people pay for it through inflation and higher taxes.
And that’s what they government will sell you as “prosperity” and “working together”. All the while they meet in secret every summer at major resorts in their private jets.
For me I’m moving my money to a local Credit Union. and save as much as I can. I’ll Downsize everything so that should this end up like the Great Depression, I can pick up the pieces in 5 - 10 years.
This book has been in my personal library for almost 20 years.