NO "WORK" : NO "PAY" : NO "CUSTOMERS" !!

The Sorry State of "Capitalism"??

 

There's been a "reversal" recently in growth patterns of  global and national economies.  "Developed" nations (mostly white) and "Developing" nations (the rest, except for for the most  "hopeless" ones), have reversed their growth patterns.   The machinations of Cheney, Bush, and Republicans,  "run-amok", set off the dismal chain of events leading to "hard" times for the world.  Developed nations have not "recovered" in their usual way, and their growth is extremely slow and "jobless", as a result. 

 

Some "Developing" nations appeared to be growing faster than the "Developed" nations.  Termed  BRICS; Economists  "hoped" they were leading the way "back".  Not any longer.  What happened?

 

The "Developing" nations hit a limit on the demand for raw materials and began to slow;  thereby, joining the decline of the Developed nations.  The "Developed" nations, racked by high unemployment and the unwillingness of banks to lend to anyone who really "needed" money (small businesses, poor whites and, as usual, all non-whites), compounded problems, causing stagnation.  Even those "Main Street" small businesses that could "squirrel" money from somewhere, found they have few or no customers.  'Greedy B*stards'  (read Banks and Hedge Funds), must realize that "rapacious" capitalism is bad for everyone!; and "suicidal" for Capitalism in general!

 

In the United States, the Federal Reserve has propped up the economy long enough to patch the tremendous hole in our banking system (just a "patch"; no real "fix").  We continue to limp along with extremely slow growth, and a "jobless" recovery.  The political parties continue to fight over "peanuts", while the country slides toward ruin.

 

Henry Ford said it!  If no one can buy the products (or services), the game's up!  The Fed is out of "juice"!

 

Stay Vigilant!  In the land of the blind, the one-eyed is King!

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