Is Capitalism Over???
The Kansas City School Voted to Close 29 Schools
Right now, our capitalist system is not generating enough money for our system to function. Government is borrowing $2 trillion dollars per year as tax receipts continue to evaporate.
Our system simply don't generate the revenues to maintain the current structure....and the more we cut wages or fire workers, the more we reduce the tax receipts to government.
US Monthly Budget Deficit Balloons
Essentially, the salaries being paid to politicians are simply the product of loans that are not available to much of the private economy they serve. Same with many of the Wall Street bankers. America was built on the growth of the Industrial Age and now the Industrial Age is dying as evidenced by thousands of cities across the US.
Many municipalities across America simply function as a result of direct and indirect revenues from government.....and now government is running out of money.
When approximately 2/3 of your economy is simply government consumption and health care consumption.......and those two areas are seeing revenues contract rapidly.....pretty soon, there will be very little economy left.
We are now here as CNBC is finally highlighting the fact that governments are running out of money.....the interesting part will be when most of you find out that your incomes and wealth was simply a product of government spending creating demand that only existed because of government spending.
As I said, when America is Zombulated, we are all Zombulated no matter how rich you think you are........