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![]() VOA is no more than a 'black propaganda' broadcasting agency... The US government is now so deeply in debt that it will probably have to cease VOA / IBB / BBG broadcasting operations sometime in the near future. The total US debt is ~200 Trillion, or about 700k USD per person. The US economy is based on paper promises for flows of money that may or may not exist. Without foreign investors buying US federal and state bonds ... most governmental functions would collapse, and that is just one example. The only good a total collapse of the US economy will do will be to make the economy become based on the production of actual goods -- not chasing after imaginary money flows. As a non-US listener to radio-voice-of-america, I was interested, in the 'top journalists discussion' [called issues in the news], how they only discussed: - the crash, - the panic, - how/why measures to stop the panic are failing. No one mentioned the good reasons FOR the panic. Pain is an evolved defence mechanism which warns of an underlying cause. Similarly there are good reasons for 'the panic', and the longer the opinion leaders avoid exposing the mistakes which are partly unravelling now, the greater the long term damage. Just one little example of the type of behaviour which has recently, apparently become common and NEEDS to be punished by pain, for learning, is the reported case of a dolly, who despite, or perhaps because, she works in the bank, was able to keep extending her credit until her monthly repayments exceeded her total net income. The apparently common recent, policy of granting 100% mortgage on house purchases, is absurd and was unheard of pre 70's. |
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