It didn't take long for Trump's opposition to crank up the impeachment machine, now did it?
Of course, it helps when the opposition comprises the media, establishment politicians, and the administrative state. These are rice bowls of solid neutronium.
When you're on a four-year trip to Mars you have to find a way to get along. Whatever happens--he keeps leaving his space socks floating around the bedroom, she keeps nagging him to take out the space trash--you still gotta live together no matter what.
Credit has been around for about as long as money has been, since the first caveman Wimpy promised to pay next Tuesday for a hamburger today.
But super-easy credit money, thanks to the Federal Reserve's zero interest rate policy, and gigantic quantities of it, thanks to banks too big to fail, is a recent phenomenon, and it has funded the transformation of industry after industry--not in a good way, of course. When you examined what has happened and why, the term "strip mining" comes to mind.
What could possibly go wrong, with millions of consumers maxed out on seven-year car loans, $16,000-per-family credit card debt, tens of thousands of dollars in student loans, and maybe a home mortgage to boot? And no problem, really, with major corporations borrowing money to buy back their own stock. And it's all good, $20 trillion in on-the-books FedGov debt, with about ten times that in unfunded liabilities.
Nope, there's absolutely nothing to worry about. Everything is going to be just fine.
Just click on the title of the episode to start your PC's default media player (Windows Media, for most people). Or right-click on the title and download the file to your PC, and use any MP3-compatible player you like.
You can also find The Shrugging Out Podcast on iTunes and Stitcher!
Get "The Shrugging Out Podcast" via iTunes!
Click hereto subscribe to the iTunes podcast.
Or copy this link into any feed reader you use: