Friday , 19 April 2024

Majority of Americans Finally Agree on Something – and Its Economic!

No matter how you break it down — whether by party/ideology, household income, age, or any other category — the majority of Americans agree on one thing…..[Here are the details.] Words: 260

So says ”Monty Pelerin” (a pseudonym derived from The Monty Pelerin Society) in edited excerpts from his original article* as posted at

Lorimer Wilson, editor of (Your Key to Making Money!), has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.)

Pelerin goes on to say, in part:

Based on a recent WPo-ABC poll, the American people are not buying the “happydays are here again” propaganda coming from the Administration. Below is Michael Panzner’s summary of this information:


Americans Agree: There Is No Recovery

From the latest Washington PostABC News poll (red highlighting mine):

The above feelings, needless to say, are also shared by a segment of the economy that just happens to provide jobs for over half of the nation’s private workforce. William Dunkelberg, chief economist at the National Federation of Independent Business, says small businesses in the U.S. are “not doing well at all.” Dunkelberg talks with Bloomberg’s Ken Prewitt and Tom Keene on Bloomberg Radio’s “Bloomberg Surveillance.” To listen to the audio download, click here.

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No matter how you break it down — whether by party/ideology, household income, age, or any other category — the majority of Americans agree on one thing: there is no recovery.


Editor’s Note: The above article has been has edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

Other Monty Pelerin Articles of Note:

1. We Have Been Put In an IMPOSSIBLE Economic Situation – Here’s How


Matters can not, and will not, get better…the country is gone, it is no longer alterable…Past Fed actions have already released the inflation genie into the system. When he decides to explode no one can predict, but an explosion is inevitable…[and then we will have] rioting in the streets. [Let me explain our cuurent situation, what is developing and what will eventually unfold.] Words: 1075

2. Take Note: Economic Events Similar to Those of Great Depression Approaching!


Even if the economy improves (it won’t in any real sense), the changes coming to this country border on the unimaginable for both the enlightened and unenlightened. Economic events similar to what occurred during the Great Depression are not far from happening. Some outcomes will be worse than what occurred 80 years ago. [Let me explain.] Words: 563

3. Major Inflation is Inescapable and the Forerunner of an Unavoidable Depression – Here’s Why

dollar down drain

Whether our current economic crisis will end with massive inflation or in a deflationary spiral (ultimately, either one results in a Depression) is more than an academic one. It is the single most important variable for near and intermediate term investing success. It is also important in regard to taking actions which can prepare and protect you and your family. [Here is my assessment of what the future outcome will likely be and why.] Words: 1441

4. Neither Government Nor Media Care About America’s GROWING Deficits – Here’s the Latest


Does anyone believe the government cares about deficits? Does the American media care? If they do, why don’t you read reports like the following? Words: 970

5. Major Price Inflation Is Coming – It’s Just a Matter of Time! Here’s Why


The developed economies of the world have opened the money spigots…[and this] massive money and credit creation is sitting in the banking system like dry tinder just waiting for a spark to set it ablaze. How quickly it happens is anyone’s guess, but once it does we are likely to be enveloped in a worldwide inflation unlike anything before ever witnessed. [Let me explain further.] Words: 625

6. U.S. Fiscal Situation MUCH Worse Than Government Lets On!


I believe our fiscal situation is much worse than most people realize. True, the situation might be resolvable with a hard-nosed turnaround specialist in charge [Romney?] but, even here, the emphasis is on “might”! In a political context, where citizens have been conditioned to believe they are entitled to live at the expense of government (i.e other citizens because, after all, government has nothing that it first does not take from someone else), the situation is beyond hopeless. Let me address the true economic situation of the U.S. by way of an email I received from a regular reader recently. Words: 615

7. 2012: Is This How U.S. Financial Crisis Will Unfold Later This Year?


As economic and political matters become more desperate in the U.S., so will what the government considers acceptable. If a debt default cannot be engineered via continuous inflation as the Fed’s current money-printing is attempting to do, it will occur via a direct repudiation of obligations or a quasi-surreptitious one such the hypothetical one I present in this article. Here is… a look (not a prediction) at a series of not improbable events that could develop [and which] would change our economic world overnight[ – and your financial well-being too]. Words: 1365

8. The U.S. is Headed Toward a Complete and Utter Collapse of its Financial System


The U.S. is headed inexorably toward a systemic failure, a complete and utter collapse of the financial system. TARP and all the other machinations have not improved the underlying insolvency of the banking system. They have, however, deferred a collapse and ensured that it will ultimately be worse. [Let me explain.] Words: 1385

9. America’s Current Economic Factors Make for a Very Dire Future!

Much of the prosperity of the last twenty to thirty years was illusory. We lived beyond our means as a result of easy credit. Now we have the hangover from these good times in the form of excessive debt. [As such,] the background conditions/factors that will influence/dominate our economic future are unique. and pundits and forecasters using traditional economic measures and models are wasting their time and misleading themselves unless they incorporate such factors into their thinking. [Let’s take a look at what they are.] Words: 1300