4um: Wall Street found a parasite growing in the US economy that could spur the next recession

Status: Not Logged In; Sign In
Business/Finance
See other Business/Finance Articles
Title: Wall Street found a parasite growing in the US economy that could spur the next recession
Source: [None]
URL Source: http://www.businessinsider.com/heal ... pur-the-next-recession-2017-10
Published: Oct 27, 2017
Author: Linette Lopez
Post Date: 2017-10-27 10:25:20 by Ada
Keywords: None
Views: 336
Comments: 3

Wall Street's short sellers are beginning to talk about healthcare as the next major threat to the US economy. Costs are so high that the market will have to correct sooner rather than later. Left unchecked, a market-led correction will be brutal.
Imagine a parasite living in the US economy, siphoning off the cash that has powered the middle class for decades. We know it's there, but no one — on the right or the left — is talking seriously about how to slow its growth.
This parasite is our healthcare system. It is already causing more damage to the economy than you know, and at least one group of people seems to have this figured out: the same Wall Street doomsayers who predicted the financial crisis.
Here's what they know, in the broadest terms. Healthcare spending took up 4.8% of consumer spending in 1984, hit 8% in 2014, and then surged to 10% by 2016, according to the Bureau of Labor Statistics.
Click for Full Text!
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Ada (#0)
Wall Street found a parasite growing in the US economy

HAHAHAHAHAHAHA !!! Takes one to know one !!!

noone222 posted on 2017-10-27 10:50:21 ET Reply Trace Private Reply
#2. To: noone222, Ada (#1)
The original parasite is the Federal Reserve Note which is an interest bearing currency and is combined with fractional reserve banking which allows interest to be charged on money Bankers create out of thin air. There would be no $20 trillion national debt if we had President Lincoln's non-interest bearing Greenbacks. We would not have a Bubble economy if we did not allow Bankers to loan out $10,000 for every $1,000 on deposit, there would be few Unpayable Debts to cancel. A Depression is a period in time when Unpayable Debts are cancelled. We could live in a world where there are no Depressions. But that would require intelligent and honest politicians. 3 million Americans (out of 123 million) starved to death in the Great Depression. Since 1929 the Elite added 200 million people and shipped millions of jobs overseas. And we have more Unpayable Debts to cancel than at anytime in history so the next Depression will be far worse than the 1930s. We could lose 50 million easily if you count starvation, suicide, lack of medical treatment, violence, rebellions and emigration. Of these the least violent to Americans would be deportation of tens of millions.
The Truth of 911 Shall Set You Free From The Lie
Horse posted on 2017-10-27 13:59:36 ET Reply Trace Private Reply
#3. To: Horse (#2)
I suppose you're right and that Americans are so entrenched or entrapped within this ridiculous fraud upon them (called the FED RESERVE) and believe in it more than they believe in God, that they are incapable of dissolving it or demanding a real money system or at least one not completely owned by foreign bankers that merely operate the system bankrupting the country.
While I see the very definite usurious factor as a serious problem that needs to be overcome, the major problem is that without a true money system (Constitutional money) we are without a Constitution. Most people do not seem to understand the nature of the laws and that we are living under a system of privileges afforded us by the bankers because we are debtors to a COMMERCIAL SYSTEM that doesn't recognize the Constitution's existence.

noone222 posted on 2017-10-27 14:21:00 ET Reply Trace Private Reply
Top • Page Up • Full Thread • Page Down • Bottom/Latest

Freedom4um