Moreover, JK has something to say, and he likes
saying it.He has written several works of fiction in need of a publisher.Can you help?
Included in GDP figures is the income of banking, over 40% of the economy; moreover, these
figures are not adjusted for inflation. Things aren't getting better.
Table 1.Domestic debt* and GDP (Trillions of dollars)
*The federal part of local, state, and federal debt includes only
that portion held by the public.The total debt in 2007 when the federal debt
held by federal agencies is added totaled $51.5 trillion.
** Inflated because instead of measuring just growth in material wealth, it includes also profits in the financial
sector—as though this was derived from the making of durable good.In fact
the average American has less purchasing power today than in 1970.Material wealth
has not grown as fast as population. It also isn’t in constant dollars.
Current debt stands at $54 trillion (Jan 09)
The dismal science,
upon analysis, is truly dismal.The progress of the fist half of the 20th
century has been mostly dismantled.Considering the growth in productivity over
that period, the robber barons have pulled off a crime of French 17th century proportions.
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Parts of Europe (such ask Netherlands and Denmark) use small local electricity generation plants, which permits the use of the byproduct heat for heating.In one example they use all he CO2 generated to supply 4,000 hectares of green houses.The combined heating and energy production (CHP) is a proven technology that lowers the energy consumption
for electricty and heating by over 50%. British (BBC) documentary on this http://www.youtube.com/watch?v=klooRS-Jjyo&mode=related&search
Teddy Roosevelt's advice that, "We must drive the special interests out of politics. The citizens of the United
States must effectively control the mighty commercial forces which they have themselves
called into being. There can be no effective control of corporations while their political activity remains."
best account of the Federal Reserve(http://www.freedocumentaries.org/film.php?id=214).One cannot understand U.S. politics,
U.S. foreign policy, or the world-wide economic crisis
unless one understands the role of the Federal Reserve Bank and its role in the financialization phenomena.The same sort of national-banking relationships as in our country also exists in Japan and most