The past decade has seen witnessed a massive financial meltdown in 2008, out of which most of the world is yet to emerge unscathed. The crony capitalism fraud between the Wall Street bankers and investment bankers, the SEC, credit raters, FED, big industry has hurtled US into a long tunnel of recession alike the one Japan entered in early 90s after over thirty years of unprecedented growth and prosperity during which time it become the second richest nation on earth. We see a lot of parallels between both the super rich nations soft landing entering into long term recession.
The other mega industry in US which is also throttling the growth of US is the healthcare industry which at $ 2.7 k bn constitutes about 20% of the GDP. there are scams galore in this segment. There is an unholy alliance between the hospitals, doctors, surgeons, pharma industry, FDA, drug testing, etc. about $ 272 bn is being syphoned off by unscrupulous doctors who write fake prescriptions for addictive drugs which find their way to the black market and sold at multiple prices. Apart from this there is the issue of delays in providing medical assistance.
The CEOs of the above companies still get mega salaries with stratospheric bonuses. This more sickening in the case of the banks which are yet to gain back the pre 2008 health.
There seems to be an unreal sense in the world economy. Everyone is trying bravely to give the impression that all is fine and soon all would be normal, whereas actually the rot does not seem to be improving. It is as if everyone is ensconced in a giant bubble of deceit and lies which instead of being corrected is permitted to bloat further. Dow Jones at historic highs. Interest rates almost zero. Mega banks being penalised again. But the show goes on with the lie bubble getting bigger and bigger.
The other mega industry in US which is also throttling the growth of US is the healthcare industry which at $ 2.7 k bn constitutes about 20% of the GDP. there are scams galore in this segment. There is an unholy alliance between the hospitals, doctors, surgeons, pharma industry, FDA, drug testing, etc. about $ 272 bn is being syphoned off by unscrupulous doctors who write fake prescriptions for addictive drugs which find their way to the black market and sold at multiple prices. Apart from this there is the issue of delays in providing medical assistance.
The CEOs of the above companies still get mega salaries with stratospheric bonuses. This more sickening in the case of the banks which are yet to gain back the pre 2008 health.
There seems to be an unreal sense in the world economy. Everyone is trying bravely to give the impression that all is fine and soon all would be normal, whereas actually the rot does not seem to be improving. It is as if everyone is ensconced in a giant bubble of deceit and lies which instead of being corrected is permitted to bloat further. Dow Jones at historic highs. Interest rates almost zero. Mega banks being penalised again. But the show goes on with the lie bubble getting bigger and bigger.
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