Mike Maloney gives an interview on Capital Account on the “Fiscal Cliff” and the “Holy shit! I got no savings” Demographic.

  • This fiscal cliff trap was set 2001-2003 when borrowing for the wars and for medicare.
  • Government now accounts for over 50% of US economy.
  • All the government jobs don’t create anything.
  • Better to take the bad medicine now.
  • A small group of men control the economy by controlling currency.
  • Government is the cancer sucking the energy out of the economy.
  • Baby boomer demographic is not spending but now saving for retirement.
  • The economy was goosed to keep the party going as everyone knew the Baby Boomers would spend less.