Monday, August 02, 2010

The Game Will Go On a Bit Longer

This guy has a far better technical understanding that conveys what the hell has happened to our economy. Through US policy, the wealthy made more money trading away US assets than investing in domestic production while everyone else was bought off with cheap credit. As I pointed out a while back, the US economy has been a lie since the early 70s.

Now our economic gurus are desperately trying to resurrect the lie but they will fail. No thinking person is buying any of it. Instead our leaders propose more debt, health care for everyone, endless welfare for business and citizens alike and a government planned green economy to make us feel good about being poor slaves.

But the game will go on a bit longer before hyperinflation or deflation destroy the economy then us as a people.

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