Another perspective from THE economist, Michael Hudson.
Pensions?
401k’s
Does this effect the average Joe?
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Bottom Line: this whole situation is, of course, the fault of those pesky Ruskies.
…and fortunes are to be made by financialization not by tangible industrial investments;
fortunes are to be made by deindustrializing the economy and living in the short term;
not by research & development, for long term economic growth.
That’s the USSA way!