Point of No Return from Conspiracy of the Rich on Vimeo.
Every day, the economic news reinforces how critical it is for everyone to increase their financial literacy. In this video, there was an article in the Money section of the April 8th issue of USA TODAY, where former Federal Reserve Chairman Alan Greenspan finally admitted that the US Federal Reserve is no longer in control.
The Federal Reserve Chairman actually has more power than the President of the United States. That is because the Federal Reserve Chairman has the power to write checks in the billions and trillions of dollars. The US government’s spending is increasing faster than its income. US government debt is increasing faster than the gross domestic product (GDP). What this means for you is a devalued dollar and a lousy standard of living.
People are spending like the economy is coming back. Yet the point of no return is measured by economists who recognize the size of our debt today. Regulators will not be able to control the future and taxes will eat you alive. Is the US economy like a car out of control on ice?
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