Starting in the 1970s, the United States government began STUPIDLY helping their Big Business cronies force convert US into a 70% consumption economy.

Which now means: For every $10 of US economic activity?  $7 is spending money.

Which means ANY little economic hiccup – is DISASTROUS for the US economy.

And explains why anytime there is even a little hiccup?  The US government’s response is to firehose money everywhere.

Because the US citizenry absolutely, positively CAN NOT stop spending.  Even a little.  Ever.  Or the whole house of cards collapses.

The US is now a nation that makes…almost nothing.  Big Gov helped Big Biz outsource our once-world-dominant manufacturing sector.  Which was EXCEEDINGLY stupid.

There are a bunch of reasons the US economy has been imploding for decades.  This is absolutely one of the biggest. (more…)