Wake-Up Call - 12/30/11

Child Poverty As A Grim Reminder Of The Current Depression

Let’s hear from the 1 in 4 children on food stamps about the ‘recovery’. Will we look back on this period with shame as the ghoulish politicians strutted their ‘recovery’ against all the odds? Highest incomes in the U.S. are, not surprisingly, to be found in Washington, D.C. Why banks are not lending to the struggling European countries: fear of the monumental derivatives market crashing around them. There is not enough cash to cover the losses of a single counterparty. Debt serfdom in America. The dark side of capitalism. Goosing children’s test scores. Economists refuse to face reality until confronted with hard data. Jeffrey Tucker: ‘What Has Happened To Our Country?” An appraisal of Bill Bonner’s new book: The Idea Of America: What It Was And How It Was Lost.

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