I don't know anything about this man, but...

 he's about 99% on the mark.

https://www.youtube.com/watch?v=xgXda61MtWE

This short clip gives you a condensed view of the last 50 years of the U.S. Government's economic philosophy.  One of the best lines in the piece is:  "We've basically had the same President since 1982, & yes, that includes the Black one.".  [Relative to economics]  Amen.  

This is why for 50 years we've been experiencing the greatest transfer of wealth to the Upper Crust in all of human history.  The clip explains it to a "T".  It's the best 12-minute lesson in economics you'll ever experience.  It also clearly demonstrates why I keep saying:  except for a few social hot-button issues, it doesn't matter one whit whether Dems or Repubs are the majority in the Fed Gov't.

The remedy for all this is fairly simple in concept.  Vote the neoliberal politicians out of office.  Unfortunately, rampant propaganda in the USA (and elsewhere) kills any desire/will to do so.  A change is required, and it seems to me education is the key to launching such change.  [Perhaps better stated: "...the key to continuing such change."] So, whenever appropriate, start educating people.  Or, if you like the current system, then don't start.  Naturally, it's your choice.

If you really don't have (and can't make) the time to counter the neolib propaganda, then support outfits which do; or, at least suggest to people - when appropriate - that they might find such groups interesting.

Here are only a few of those outfits (in no particular order):

https://earthjustice.org/

https://woods.stanford.edu/

https://mahb.stanford.edu/what-is-the-mahb/

https://steadystate.org/

https://www.gp.org/

..................

Not only my opinion.  Be Well

Game Over

This is a Comment I made on the CBS online newscast for 9-18-13---  [The ADDENDUM below is not part of the original Comment.]

ScottHaley says--- 
1. RE: Fed to keep interest rates low by buying more bonds--- Ask yourself, where does the Fed get the money to "buy bonds"? Is it from the Treasury (fiat printing, out of thin air), or from its member banks (which, according to a 1984 Fed Court case, "are not Federal instrumentalities, but are private corporations")? ["Buying T-Bills or Gov't Bonds" is Gov't-Speak for loaning the Gov't money.] Who gets the interest payments when the Fed "buys bonds"?

2. The Fed Reserve is authorized by the 1913 Fed Reserve Act, a LAW. That Law allowed the Congress to abrogate one of its required constitutional duties: to regulate the value of our money. But there's a problem with that, long ignored by the DC politicos: no law supercedes the U.S. Constitution. Politicians know that full well, but ignore it. This issue is important because Congress supposedly answers to the People, but the Fed (according to Greenspan on a PBS interview back when) "answers to no one"..."no one has authority over us".

3. RE: Obamacare--- According to my research and what was reported on CBS News, a policy via Obamacare tailored to me personally would cost approximately $600 per month. I can't afford a policy for $100 per month. So much for the grand benefits of Obamacare...at least, in relation to me.

4. RE: shutting down the Gov't v. raising the Debt Ceiling--- For the past 80-85 yrs or so, the Fed Gov't has been adhering to Keynesian Economics...essentially, institutionalized deficit spending. It's not a matter of the Gov't being bankrupt in the future; it's already bankrupt, & has been for decades. The politicians have no intention of ever eliminating the National Debt; the Debt Bubble will continue to grow until, like all bubbles, it eventually bursts. The recent "sequestration" efforts did nothing substantial to reduce spending; those efforts only addressed the proposed INCREASES in spending. Even those are being exempted by Congress passing laws to that effect. Deficit spending is continuing, & will continue, until the Debt Bubble bursts. Then it's goodbye Keynes... & our economy...game over.  

ADDENDUM: Since going completely off the Gold Standard in 1971 (under Nixon), the only reason the dollar has any value at all is because it is the world's reserve currency.  With ongoing institutionalized deficit spending and the ever-increasing national Debt Bubble, inevitably the time will come when other countries decide that the dollar should no longer be the world's reserve currency.  That's when the bubble will burst; countries will dump their U.S. dollars.  That will cause our economy to tank.  Game Over.  What can be done to prevent that scenario?  In my opinion, nothing substantial---the propaganda favoring Keynesian Economics is too thick.  Will we recover from the biggest crash in history?  I believe so, but it will be an incredibly long, difficult and painful recovery.

Beaches of Gold

Have you noticed? The world's most calamitous financial/monetary event may have started just recently. The Fed Reserve, in conjunction with the U.S. Treasury, has been flooding the market with our fiat dollars for some time now... and China has stopped "buying" U.S. debt. [That last bit is Government-speak for: China has stopped loaning us money.] Most likely the only thing that prevented a run on the dollar (for now) is the fact that Japan took up China's slack relative to the buck.

Price inflation in this country has been edging up slowly for the last two months, despite the Fed's Keynesian efforts to keep it down. Grocery prices are the most obvious indicators of that. The primary cause of price inflation is inflation of the money supply, which causes the value of each dollar to decrease. Here's a simple way to understand it: ask yourself, if beaches were made of grains of gold rather than grains of sand, how much would one ounce of gold be worth? Generally speaking, anytime the quantity of some item is increased in a trading system, the value of each unit of that item decreases. That's just as true for fiat dollars as it is for ounces of gold.

U.S. fiat dollars have been increasing (on a net basis) for decades. That's why it takes so many more of them to buy the same item as compared to ten or twenty years ago. I remember buying a pair of Levi blue jeans for $3.95 in 1962. Now they're about $35. The U.S. dollar today is worth about four cents as compared to its value in 1913, the year of the passing of the Fed Reserve Act.

Keynesian economists believe that Government "spending" of fiat money in ever larger amounts can go on virtually forever without any negative impacts on our money or economy. Common sense tells us that continual devaluing of the dollar by essentially printing it out of thin air is bound to have a negative impact sooner or later. The only reason the dollar now has any value at all is because it is the world's reserve currency. But, for how much longer?

As soon as China, Japan, the Saudis, European countries, and others figure out how to dump dollars without taking a horrendous loss, the ongoing Keynesian game will be over. Oil, for example, will be traded with some other form of money; then the inflation of prices here will begin in earnest. Some predict it will be hyperinflation, and the collapse of our economy. I don't think so...not the last part anyway.

We very well may have significant price inflation relatively soon, perhaps even hyperinflation; however, that doesn't necessarily mean our economy will collapse. If sand (the dollar) doesn't work as a medium of exchange, eventually we'll agree to use something else. In the meantime, perhaps different regions will have different forms of "money", and/or we'll barter to a large degree. [Even countries can barter if need be.] One thing is fairly certain: the fiat dollar is on its way out. Don't believe the likes of Ben Bernanke; he was totally wrong regarding his predictions about the housing bubble and, most recently, the overall financial crisis. The Keynesians have been playing their game for over sixty years, but it's about to end. When it does end, our economy is in for a rough transition; but I don't believe that it will collapse.