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Monday
Feb202012
Wake-Up Call - 2/20/12
February 20, 2012 There – Is – Still – No – Economic – Recovery!
I cite plentiful statistics that confirm that things are no better than they were three years ago and in many cases they are considerably worse. Any apparent gain is nothing more than the use of credit by consumers and outrageous money-printing by the Fed (and others). It’s just legal counterfeiting. Deficit spending by governments and fraudulent credit creation by the people. Two-thirds of Americans resent class conflicts but they would rather “grow and expand the economy” than reduce the income and wealth gap between rich and poor. Far from deleveraging, there has been a massive increase in debt in recent months. Denial reigns supreme! Janet Tavkoli’s new book, The New Robber Barons.
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