Zero Hedge Offers A Different View Of The Global Economy   Leave a comment

Although I think this article is extremely pessimistic, I agree with quite a bit of it. The United States needs to get real. We need drastic action before this scenario plays out. Government spending needs to be cut. It may not need to be drastic. Start with 5% of actual spending, then 3% annually (also of actual spending) for the next 10 years. That might actually stimulate the economy enough to pull us out of this. But, we need more. All regulation at the federal level needs review by Congress and the regulators should have to prove they exist for a reason. All regulations that can prove that needs to be given a sunset date so that it is not a forever situation. We need to open up oil refining and coal in this country.

I do not believe that fracking is so expensive that it can’t meet our needs, but I do believe it needs to be local and refined regionally to control costs and that might stimulate interest in the manufacturing industries — IF we can tell the Sierra Club et al to go pound sand and mean it.

Of course, this is all predicated on the idea that indolent Americans will get off their rumps when their government payments quit coming and take some low-skill jobs in manufacturing. Wow, what a concept! A revitalized economy by making it necessary to get off your butt.

I believe we can do it, but I seriously doubt we will do it. So, yeah, start a big garden, get some chickens and a goat and stock up on what you can’t grow — like ammunition. You’re likely going to need it and there’s probably nobody to blame but ourselves.

YouViewed/Editorial

Where Are We Now? – A World View

 

 

 

Wondering why the money world got its knickers in a twist last week? The answer is simple: the global economy is breaking apart and its constituent major players are doing face-plants on the downhill slope of a no-longer-cheap-oil way of life.  Let’s look at them case by case.

     The USA slogs deeper into paralysis and decay in a collective mental fog of disbelief that its own exceptionalism can’t overcome the laws of thermodynamics. This general malaise precipitates into a range of specific quandaries. The so-called economy depends on financialization, since it is no longer based on manufacturing things of value. The financialization depends on housing, that is, a particular kind of housing: suburban sprawl housing (and its commercial accessories, the strip malls, the box stores, the burger shacks, etc.). Gasoline is now too expensive to run the suburban…

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Posted June 24, 2013 by aurorawatcherak in Uncategorized

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