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Wake-Up Call - 08/15/11
August 15, 2011 Download this episode (right click and save)
Social Unrest Drawing Inexorably Closer
What the U.K. riots tell us about the likelihood of serious rioting in America. The plight of young people in the U.S. is not encouraging. Overwhelming joblessness. Sales of safes and security systems are soaring, a premonition of what is to come. They really don’t care about you. Brace for the massive collapse ahead. Why monetary stimulus won’t work. A discussion of three different monetary systems. Years to go before the housing market hits bottom. Kotlikoff puts the U.S.’s true indebtedness – the fiscal gap – at $211 trillion. China floats its first aircraft carrier. Stephen Glain believes the U.S. will provoke China into war. A huge arms race is already underway.
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