An Ateneo Graduate School of Business Advantage
This is rather alarming presentation on the current economy of USA. The twin evil: unemployment (which is higher than what the media reports: it may be l7% not 8% as being reporte) and inflation, and the case of gasoline prices, it is 34%. And it says the misery index is the sum total of unemployment and inflation. (That is high)
The debt level on the other hand, went up to unprecedented level. The public debt durng the time of current President went up by $4.00 trillion in just two years. The reporter anticipates a repeat of l970 during Carter's time, or the unemployment rate is a repeat of the Great Depression.
The video mentions the Nobel Prize Winner Milton Friedman, an economist who together with President Reagan brought new day for Americans. They fought inflation. They had Morning Again in America.
Milton Friedman is against all forms of inflation. It is unjust taxation and robs people blind of their wealth.
Please take note that the source of this video and feed is conservative (Republicans?) and we should take its content from that point of view.
Do you agree with what they say in the video? What are the opportunities? How can you apply Ji Wei? What can be the countermeasures if you are an American?
What does it mean to you if you have US dollars, deposits, or Treasuries, bonds?
The video markets the book of Milton Friedman and other investment newletter. They give advice on countermeasures for inflationary The book is free for a limited time; S & H is the only cost and there is free trial period
Here is the link to the video:
Morning Again in America?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment