US used to be contributed by Main Street
US now mainly contributed by Wall Street
- Clinton deregulate, continue in full gear by Bush and Obama
- Credit default swaps is built
- Concentration not on productions of goods or services, but financial products which do not add value to the REAL economy, is basically of music chair system
- Current recovery is fundamentally based on new money printed by the entire world, and create other bubble or prolong the toxic assets to go bust or in short, debasing the currency
- The real productive capacity is gone in developed world
- In ordinary business, when market slows, spent less or pull back on spending, not more stimulus
- Per Gerald Celente, if he is president, support local goods, not from China and stop eating junk (not genetically modified and, spiritually, people must reconnect
- Perception vs Truth in Economy, Truth will prevail when perception ran out of gas (when, nobody knows, as long as government pump in more perceptions, people will be misled longer at their own expense).
- Decision made today by policy makers will be the seeds for the future generation, hence, look back 10 to 20 years back, what had the government done right and wrong then you will see the result TODAY
- Prepare yourself, in worst situation, one will be prepared to handle crisis.
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