Depression or Depression? Take Your Choice

U.S. Democrats tell us to spend more money. Their initiative? When Americans needed jobs, they bailed out their favorite Wall Street banks. The Democrats were wrong. Republicans say that we should live within our means. They would have been wrong too if anybody had listened. Spend more? – wrong. Spend less? – wrong.

What is the answer? The truth is that the U.S. and the world cannot recover from the rape of public, corporate and personal finances that continues unabated. We have entered what I call the age of “African Economics” and there is no turning back. What does African Economics mean? A mature example? – look to Uganda. Fifty percent of the way along the road back to chaos? That’s Zimbabwe. Twenty years ahead of the U.S. on the path to African Economic ruin? That would be South Africa.

The evidence in the U.S.? Wall Street ravaged by Clintonomics. State governments insolvent. Municipalities firing employees en masse. Hundreds of thousands of teachers terminated. Entire school districts shut down. Auto production mega-operations bankrupt. Steel industry destroyed. Primary metal production wiped out.

Borders violated and no longer secure. Law enforcement threatened and run ragged. Spin doctors instead of medical doctors. Political and military leadership - a vacuum of words.

Wall Street wasn’t just trampled. It was demolished, and the thieves have moved on to bigger targets. Are you watching a hopeless string of U.S. mega-disasters with NO credible response? Get used to it. We’re on our way to Zimbabwe – “African Economics”.