More ‘Growth’? Why? - 12.08.14

The Wake Up Call show

Summary: Some random thoughts about aspects of the economy, the state of the world, debt, propaganda… and growth. What growth actually is, whether we need it and if we do, how much do we need and when can we stop? What happens when growth stops? Is shrinkage such a bad thing? We could start by issuing less money! Ponder $18 trillion of national debt. The economy is crippled, The behavior of the United States abroad is appalling. Anat Admati, a Stanford University professor is predicting an imminent collapse. There will be a great crash. The story of the Cyprus stock market and how its horrendous collapse played itself out. It is a terrifying story. More on how the unemployment figures (just released last Friday) are unbelievable. An analysis of the figures shows a very different show.