Bye Bye American Pie:10 Reasons Why America’s Economic Pie Is Rapidly Shrinking

Thursday, December 23, 2010
By Paul Martin

All over the mainstream media today, the wealthy are being pitted against the poor. Those advocating for the wealthy claim that if we could just cut the taxes for the rich and make things easier for them that they will create lots of jobs for the rest of us. Those advocating for the poor claim that the gap between the rich and the poor is now larger than ever and that if we could just get the workers to fight for their rights that we could get things back to how they used to be. It is a very interesting debate, but it totally ignores a reality that is even more important. America’s economic pie is rapidly shrinking. As part of the new globalist economy, every single month massive amounts of U.S. wealth is being transferred out of the United States and into foreign hands in exchange for oil and cheap plastic trinkets. In addition, every single month our national government goes into more debt, our state governments go into more debt and our local governments go into more debt. The interest on all of this debt represents a tremendous transfer of wealth. What most Americans fail to grasp is that our collective wealth is getting smaller. There is now less of an “economic pie” for all of us to divide up.

When it comes to economics, most people have a presupposition that the United States will always be getting wealthier. But that is completely and totally wrong. The truth is that we have been steadily getting poorer over the last several decades, and now we are bleeding national wealth at such a pace that it is almost unimaginable.

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