The Economic Collapse of ’09 – Economic Apocalypse – Depression and Revolution

You can’t print money based on nothing, and you can’t spend your way out of this problem, you must produce your way out, were two excellent points made by Glenn Becks guest; he gets it. Too bad out President, Mr. Obama doesn’t get it. He also said: The only thing you have in this life is your dignity, and the only thing you leave behind are your words. Of course you leave behind a lot of junk, people who love or hate you, and maybe some videos on Youtube, but his point was that when you are gone, people will only know what you stood for by looking at your work; what you did and said. So you had better mean what you say, and say what you mean. Here’s a rookie economic theory that I’ve had for quite a few years, and it involves China. For the last 20 plus years we have been buying more and more cheap products from China, which caused us to lose high paying jobs. People would then get lower paying jobs, but with the lower cost of goods because of the cheap imports, and with the government supplementing their income with various government programs, they did OK. Part two: The government has been running massive deficits, while at the same time the FED has been pumping massive amounts of money into the economy. One would think that this would cause a lot of inflation. I think the reason that it has not, is because of the cheap imports; they have kept downward pressure on prices. But I think we have reached a saturation point were we have replaced almost everything that used to

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