ITT I explain why the nation is so fucked up

[Ash256]

If somebody could give me a logical reason why individuals, governments, and companies are all broke at the same time. I would really love to hear it.

banks lend less due to shrinkage of balance sheets -> banks lend less to businesses -> businesses go bust -> people get laid off -> people and businesses pay less tax -> the government's tax income declines -> public sector workers get laid off -> everyone pumps less money into businesses -> businesses search for loans -> banks lend less due to shrinkage of balance sheets

[Smith]

banks lend less due to shrinkage of balance sheets -> banks lend less to businesses -> businesses go bust -> people get laid off -> people and businesses pay less tax -> the government's tax income declines -> public sector workers get laid off -> everyone pumps less money into businesses -> businesses search for loans -> banks lend less due to shrinkage of balance sheets

Yes there is a cascading affect, but that doesn't get to the root of the issue. Also that's a simplistic way of looking at it without seeing all the variables. Unfortunately there is a lot more to it then that.

Taxing the rich at 90% is hardly the answer either. Especially considering where that tax money actually goes, and where it gets appropriated to. An Eisenhower view is completely unfair to rich people. I can't believe I just said that.... lol

The real problem is Usury. The usury of the government, and its people. Now it's instituted world wide through the World Bank, and IMF. Not to mention the problem with US Treasuries, and the link of US Dollars to Oil. That's another whole can of worms too.

That reminds me that Confessions of an Economic Hitman is a good book on how foreign governments are taken down, and enslaved to this monetary system.