For the entire existence of the United States of America small (entrepreneurial) business has been the growth and wealth of the nation. Recent decades the evidence is that entrepreneurship and small business are failing faster than new ones can be born.
This reality is not being remedied by institutions vested with the Public’s Trust.
Skilled in deception the trusted institutions obfuscates the truth, claiming economic recovery. ~Ron
Alasdair Macleod: COMPLETE SYSTEMIC COLLAPSE
It’s time to once again document the collapse with writer and researcher Alasdair MacLeod from GoldMoney.com. We recount the Friday May 2nd completely bogus jobs report which claims that the unemployment rate in the United States has fallen from 6.7% to 6.3% despite 800,000 Americans “LEAVING THE WORKFORCE” because they CAN’T find meaningful employment!
It’s just lies on lies compounded by more lies and Alasdair says, “We are beginning to see total systematic collapse” taking shape. We also discuss precious metals: Including the off-the-charts demand for Canadian silver Maples, Jeffrey Christian’s latest falsehoods, the dwindling “secret silver stockpile” and much more.
Thanks for joining us.
The “Economic Recovery” Continues: Businesses Are Being Destroyed Faster Than They Are Being Created
By Michael Snyder, on May 6th, 2014 http://theeconomiccollapseblog.com/archives/the-economic-recovery-continues-businesses-are-being-destroyed-faster-than-they-are-being-created
Personally, I write about our long-term economic decline nearly every day, but even I had no idea that businesses were being destroyed faster than they were being created. According to the Brookings Institution, this first started happening in 2009…
The American economy is less entrepreneurial now than at any point in the last three decades. That’s the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study — 2009, 2010 and 2011 — businesses were collapsing faster than they were being formed, a first.
And this mirrors an earlier study conducted by economist Tim Kane. According to his analysis of U.S. Department of Labor data, the following is how the decline in the number of new business jobs per one thousand Americans breaks down by presidential administration…
Bush Sr.: 11.3
Bush Jr.: 10.8
As you can see, this is a problem that has been building for decades and that has accelerated under the Obama administration.
We are strangling small business creation to death, and as a result the number of Americans that are self-employed just keeps going down. Just check out this chart…
And keep in mind that throughout this entire time the U.S. population has been growing. So the numbers in the chart above should be going up steadily as the population grows. But instead they have just kept going down.
Dr. Paul Craig Roberts – Former US Treasury Official, Co-Founder of Reaganomics, Economist & Acclaimed Author
Dr. Roberts has testified before congressional committees on 30 occasions on issues of economic policy. He has also written extensively that during the 21st century the Bush and Obama administrations have destroyed the US Constitution’s protections of Americans’ civil liberties and has been a critic of both Democratic and Republican administrations.