US Stagnant Economy Ahead

Our economy could limp along, basically flat, for years, or drop like a rock.

The Fed is holding the discount rate at zero.  The Fed lends freshly printed dollars to the Banks a zero percent interest.  The Banks invest this money in Treasuries, stocks, Hedge Funds, derivatives and credit default swaps to make their profits.  Some have credit card usage income.  That has created a bubble in the stock market.

The National Debt continues to climb to $20 trillion, with no regard to how high it climbs. The Federal government.  Private investment dollars totaling $1.7 trillion sit on the sidelines, because government policies are erratic and demand is static. 

Investors who want more for their money won’t see higher interest rates, because the government owes too much to let interest rates rise.  It’s a good time to cut federal spending to balance the federal budget to keep the National Debt from expanding any further.

Wages are stagnant and mortgages are at 3-4%.  Jobs are scarce and families are moving in together.  This is either going to be a 25 year long 2^nd Great Depression or a total crash of the dollar.

Candidates who exhibit any common sense at all are feared and hated by the “establishment”.  Like the Russians used to, we in the US are hearing absolute nonsense from our elected officials.

We could end this Depression if we closed the border, froze immigration, cut federal spending at least $500 million and imposed higher tariffs on imports, but that makes too much sense.

TPP will certainly result in fewer jobs for US citizens.

Norb Leahy, Dunwoody GA Tea Party Leader