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Message Subject THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Poster Handle ralfy
Post Content
The main cause is increased borrowing and spending not just by government but also by corporations and households. The solution, then, is not just to educate oneself and to prepare but to cut down heavily on borrowing and spending. Unfortunately, this will be difficult if 70 pct of the U.S. workforce is in the service industry, 70 pct of U.S. economic activity is based on consumer spending, and most citizens want to maintain their middle class lifestyle. The same goes for the government which wants to maintain global domination through the military to continue propping up the dollar, and corporations that want more profits through financial speculation.
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