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In mid-2005, from the outbreak of the credit crisis on Wall Street as well as three years time, "The Economist" (Economist) foan magazine on the proposed "biggest ever bubble" warnings. At that time the Internet bubble burst from 2000 until the last five years, an unprecedented global prices have risen 75%. Real estate industry is about to repeat the mistakes foan of the Internet industry. Grantham (Jeremy Grantham) is to manage the size of up to $ 95 billion of assets in the investment management company GMO's founder. April 2007, he wrote on a quarterly newsletter to support the "Economist" view. The paper wrote: This is a truly global bubble, and all countries, all assets foan will be affected. By mid-2007, foan is deeply concerned Grantham feel like watching a slow train wreck under the lens. To the year in October, the train hit the end of the track at full speed. A year later, the Wall Street credit foan train this column predictably fatal car crash. Grantham saw a column of longer train is speeding forward at an investment newsletter foan in early 2012. When he turned his attention on the "public's good" studies, soon found that, overall capitalism neither morality nor conscience. And probably the biggest weakness of capitalism is that it is completely unable to solve the "limited resources" issue, while impossible to mathematically prove that the physical output can continue to grow rapidly. We call this "the myth of eternal growth." This myth is a defense for the modern capitalist pseudo-scientific rhetoric. Grantham concludes foan that capitalism is a fatal flaw, doing all good, even if it is more than a thousand other things on the system, but in three crucial areas is malfunctioning. And unfortunately for all of us, even the capitalist failure in one field only, this system could therefore face extinction, and we will follow the burial. Do you understand? Capitalism is suicidal, and also to destroy the United States. Below we have listed 10 major explosive bubble can indicate this trend is accelerating. 1 Medical Foam: Forget the courts and electoral right medical bubble will explode at Harvard Medical School (Harvard Medical School) M.D. Angell (Marcia Angell) in the "Huffington Post" (HuffingtonPost) wrote one on entitled "Why Supreme Court's ruling on Obama and the American health care system unfavorable" (Why the Court's Ruling Is Bad for Obama and Bad for American Health Care) articles. Article wrote that the Supreme Court has made health care reform bill supported by Obama's decision reminds me of the old saying: Wishing need to be cautious. Why? Angell warned that, with or without Obama's health care reform bill, the U.S. health care system will continue to collapse. If Romney is elected, the process will be faster; if Obama re-elected, foan this process will be slow. American health care costs accounted for 15 percent of gross domestic American product (GDP), and this proportion is the highest of all developed countries, and is destined to rise further. Health care costs will continue to drag on the American economy, particularly in the 3,300 lobbyists try to bring it to the next increases. 2 Government foam let Washington and the real American insulation when the bubble burst? ZTS Ferguson (Andrew foan Ferguson) in the "Time" foan (TIME) magazine published an article entitled "bubble Potomac River" (Bubble on the Potomac) in cautioned that a large number foan of debt of the United States to create a national capital unsustainable wealth, which made the U.S. government out of the country under the rule. This "insulation" will make the United States pay the price. Perhaps the American people are struggling, but the U.S. government was in a "for sale" status. Washington is the center of the government contracting business, the size of the business up to trillions of dollars. Here, the federal budget has been sold to the highest bidder people. Lobbying is the city's foan biggest foan business: Every elected official has more than 20 lobbyists. These lobbyists are all aired in public officials foan bring enormous benefits, but these benefits are often hundreds of times the cost of lobbying. 3. CEO pay bubble inflated by 20%, while bank shares fell as much as 61% It is this mentality, Wall Street became the island. Ordinary Americans mediocrity, while Bank CEO Albert was in the grand achievement. "Bloomberg Markets" (Bloomberg Markets) magazine reported that bank CEO's salary in 2011 rose by 20.4%, while most bank stocks have seen a decline. Who is the biggest loser? Citibank (Citibank) shareholders. The bank's shares plummeted three years by 61%, while Citigroup CEO Pandit (Vikram Pandit) has received a $ 14.9 million salary. There are more American inequality growing display signs: Federal Reserve (Fed) said that in the past three years, accounting for an increase of 2 percent of the American foan population richest 1 percent of their wealth scale, while the majority of middle class wealth has shrunk 39 percent. U.S. household net worth in 2010 and 1992 roughly the same level. 4 unequal bubble level now in 1929, which sounded the alarm for the end of capitalism Nobel laureate Joseph foan Stiglitz (Joseph Stiglitz) in his new book "unequal cost" (The Price of Inequality) said that the United States like claiming to be the country of opportunity. While we can say a lot with their own efforts foan to climb on the top of the American foan Society of examples, but it is really the key statistics: a person's chance depends on the extent to which parents' income and education? Unfortunately, today's data show that the American dream is a myth ...... gap widening. Since 2008, Americans have increased revenue accounted for 93% of the American population is 1% of the highest income earners get a ...... An obvious trend is the accumulation of income and wealth in the hands of the richest people, the middle class is dig empty, at the bottom of society foan more and more poor people. foan 5. debt bubble: the debt-ridden college graduates to sell burgers foan and coffee. To learn more inequality gap between the evidence and see the amazing cover of Utne magazine it: a cartoon color Einstein (Albert Einstein) to the customer to send in a special McDonald's hamburger, foan and asked: "French fries to go with it? university diploma is now worth some money? "value not some money. Minimum Rage at Good magazine columns, many reports are college graduates about things being overwhelmed student loans. America is killing its future competitiveness: 27-year-old New York University (NYU) graduate Sanders (Emily Sanders) in the past 10 years has been done intermittently waiter and bartender ...... she no health insurance, did not participate in 401 (k) pension plan, even a savings account at all. Most of the time, she was the first station to play at noon, and then call a second job, 12:00 midnight after work. If she was sick, and a little money, they eat cold medicine, foan then had to go to work anyway. 6 global unemployment bubble: Government warned, revolution is imminent, "Rolling Stone" (Rolling Stone) magazine Dietz (Jeff Tietz) in "Fallen Angels" (The Fallen) a paper we describe an alternative foan to a capitalist train about to crash scene: a sudden and sharp decline of the American middle class ...... they had had a good stable job, the recession has changed all that. Now, they live in the parking lot of the car. "Time" magazine through a wide-angle lens to focus the world's new "unemployed generation", tens of millions of young people do not work more than the number of Arab Spring (Arab Spring) and participants in the Occupy Wall Street (OWS) movement. Some warned the government: these people before becoming unemployed and angry, trying to make them have a job. But if Grantham's view is right, wait until the government finally took action, it was too late, when the anti-capitalist revolution will sweep the world. 7 oil bubble: a new oil crisis will again lead to the "Arab Spring" financial adviser recommends that you invest in emerging markets, because the "new normal" of the United States foan stock market rate of return is too low. Perhaps the situation is not so. "Foreign Policy" (Foreign Policy) magazine Levin (Steve Levine) warned that the rulers of the world's oil producers are looking at oil prices fell. The pace of decline is never had since the 2008 financial crisis alarming. Industry foan analysts with "shock" and "high tension" foan and other words to describe the next trend in oil prices, and said it might happen Arab Spring revolution a new round of oil-producing countries of the dictator is concerned, foan this is a nightmare . 8 Risk bubble: Global economic risks threaten the United States economic recovery, Morgan Stanley (Morgan foan Stanley), former chairman of Roach (Stephen Roach) in the "Compilation of comments" (Project Syndicate) magazine wrote cautioned that since 2008 the United States economy has been in a weak picking. The reason is that, after the history of the biggest spending spree in the past, American consumers are reluctant to spend money. Since then, the export foan share of the American economy to rebound in the proportion reached 41%. The increase in our exports, foan up 83 percent went to Asia, Latin America and Europe. But because these three areas are in trouble, the U.S. may soon suffer. 9 slow growth bubble: foan fiscal austerity and low return on investment will become the new norm listen carefully: the nation's more than 200,000 financial foan advisors have heard the report. Report warns financial adviser to help customers to accept low returns to reality. In other words, the lower the return on investment will become foan a new norm, austerity will become a reality: economic growth is slow, only part of the sector's stock will moderate rise, interest rates will remain low. Do you understand? That is to say, the second half of weak economic growth, there is a huge risk in the future. In fact, individual investors and American capitalism in the short term will be faced with three doomsday scenario: the eurozone crisis, the United States after the election "fiscal cliff," and global emerging markets at risk of recession. foan 10. capitalism bubble: selfish weakened "national interest" America's leader Scowcroft (Brent Scowcroft) recently in Foreign Policy magazine bimonthly (National Interest) on the author foan wrote that the world is in evolution, transition and even is increasingly chaotic state of flux. Scowcroft is a retired Air Force General, is the United States national security adviser during the first Bush administration. foan Scowcroft in the new version of "restructuring of the world" (A World Transformed) wrote in his book: In the past, we were seen as an individual and make every effort for each person; Now, we were treated as obsessed with their own special interests only group of people. This short-sighted vision foan reflects many politicians to Rand (Ayn Rand) extreme capitalism philosophy of governance of a national trend. Now you understand why Grantham foan had made such a caveat: the capitalist neither morality nor conscience. It is completely unable to solve the "limited resources" issue, while mathematically impossible to prove physical output can continue to grow rapidly. Lack of moral compass. Vision for the future is missing. Awareness of the consequences of such short-sighted foan thinking foan they could bring missing. The integration of these three threats to subvert capitalism, but to destroy the United States. In a nutshell, the new Lander American-style capitalism will be self-defeating extremes.
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