Cause and Effect of Massive Debt

Guest Post

CAUSE, EFFECT & THE FALLACY OF A RETURN TO NORMALCY is
The Burning Platform’s post for March 6th, 2012

I hear the term de-leveraging relentlessly from the mainstream media.
The storyline that the American consumer has been denying themselves
and paying down debt is completely 100% false. The proliferation of this
Big Lie has been spread by Wall Street and their mouthpieces in the corporate media. 

The purpose is to convince the ignorant masses they have deprived themselves long enough and deserve to start spending again. The propaganda being spouted by those who depend on Americans to go
further into debt is relentless.

The “fantastic” automaker recovery is being driven by 0% financing for seven years peddled to subprime (aka deadbeats) borrowers for mammoth SUVs and pickup trucks that get 15 mpg as gas prices surge past $4.00 a gallon. What could possibly go wrong in that scenario?

 

 

Thanks to the Burning Platform