How Stupid Can We Be?

(Before It's News)

Monty Pelerin / EconomicNoise.com

When you watch this video, if you were unaware of the problem, you likely will be enraged. If you want to know why our economy is stalled and will begin to regress (GDP declining, the standard of living going down and incomes shrinking), take a look at this video. We say we have a financial problem and that is true, but financial problems occur because of a reason. This is the reason and it threatens to bring down every Western democracy.

More money cannot solve this problem! It grows the problem.

• Voter Turnout Plunges Throughout the Western World … Largely Due to Political Corruption
• Dan Ariely on Wall Street Fraud and the Psychology of a Cheater
• Dexia Needs a New Bailout / Gold and Silver Have Second Day of an Outside Day Reversal / Greek Unemployment Rises Again / B. and England Stops QE
• Gold To Regain Status in January
• The Eight Scariest Charts For Equity Bulls
• How to Be Free When You’re Not
• The Greek Books are Still Being Cooked
• Odd-Even Gas Rationing Hits NYC; Only 25% of Stations Operational, Full Production Weeks Away; Why Rationing Won’t Work; Insanity Over Price Gouging
• Huge Moves Coming In Gold, Silver, US Dollar & The Euro
• GMO Feedback Galore; Microsoft’s Big Bet