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Without true economic growth, the Treasury can not print more real dollars to add to the real Monopoly game. So, the only new dollars that can be spent can only come from the well-to-do no longer hoarding money and wealth, and borrowing it out and/or spending it. With the housing bubble ready to burst in China, the well-to-do in the US and EU likely will keep their money in the mattress except for continuing to purchase politicians so the townspeople will not withhold paying the wealthy back for money borrowed to government by the wealthy and/or instituting an asset tax so the government can get some of the money from the mattresses into government's hands.
I am so tired of sweeted economic news. 1. The TRUE unemployment numbers are 14 percent, people. That is right. FOURTEEN PERCENT. 2. So many of the young people cannot find any jobs a all. 3. Europe is a terrible recession. A depression in Spain and some others. Do the enomist's think those people will buy anything from the U.S.A.? Really? 4. The price of gas has been jumping up like a grasshopper. Are we all fools if we believe the nonsense this article speaks of? 5. In another place on this paper, other people are so broke in the suburbs that they have to beg for food. Do you think those people will buy NEW cars??? My gosh. 6. Many people cannot sell their homes and are stuck with their high interest. Young people are not interested in big homes and cannot buy even if they wanted too. Just where is all the spending supposed to come from?
Spending does not create wealth.
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