Poverty is inexcusable when as many as 45-million Americans are classified at or below the federal poverty guidelines. The Poor People’s Campaign of Rev. William Barber says that 140,000,000 Americans of all colors and races are ‘poor.’
Analysis of the track record of Wall Street’s boom/bust pattern of perpetual economic disaster leads to the conclusion that the system’s brokers make money on the uptick and by selling short do so on the downturn.
The last great recession that began in 2007 with the collapse of the fraudulent Wall Street bundling of spurious mortgages was followed by federal reserve intervention to shore up the very banks that precipitated the crash.
The next recession may be caused by the collapse of the automobile market when the surplus of unsold cars collides with the failed leases used to artificially prop up the disappointing sales of their highly inflated price vehicles. Or, it may come about from the failure of the Fracking Industry to produce enough oil and gas to repay their near-zero interest loans.
Gary Kohls
12:39 AM (8 hours ago)
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