We are moving towards an economic Armageddon that will shake the world to its core. This observation is based on the fact the numbers simply don't work. Call it a multi-generational "re-alignment" if you wish, but in reality, it is the recognition that our path was an unsustainable illusion.

We are but pawns in the giant game known as the global economy. The situation has become dire and the numbers do not work, borrowing money to merely pay the interest on past debt and NIRP is not a prescription that leads to economic nirvana and bliss. The following article paints an ugly picture of the road ahead.

Comments (2)
No. 1-1
Carl_R
Carl_R

We cold postpone it with rational economic policy, eliminating the minimum wage, and replacing it with income supplementation, or we can hurry to get there with irrational policy, raising the minimum wage to $15, $20, or more, tremendously expediting automation, and making massive portions of the workforce permanently unemployable. We will definitely be taking the latter path, because low income people don't understand that they are the primary ones harmed by higher minimum wage. Big labor, and big business, however, are fully cognizant of the effect, and both support eliminating low cost labor as competition.