THE PROBLEM IS NOT THE DEFICITS...AS YOU WOULD BELIEVE FROM WATCHING THE CABLE NEWS SHOWS...
THE PROBLEM IS THAT THE US ECONOMY WAS A BUBBLE DRIVEN ECONOMY...THAT HAS SUDDENLY MORPHED INTO A ZOMBIE ECONOMY...
THE US ECONOMY IS A MASSIVE FRAUD ON THE AMERICAN PEOPLE...
MOST OF THE PRODUCTIVE ECONOMY HAS BEEN MOVED OFF SHORE TO CHINA AND OTHER LOW WAGE NATIONS...
TO OFF SET THIS MANY SERIAL ASSET BUBBLES WERE "INVENTED" BY WALL STREET ...WITH THE HELP OF THE FED...TO "MASK" THE HOLLOWNESS OF THE REAL AMERICAN ECONOMY...FROM THE PEOPLE....
THEN ~ IN 2008 ~ THE BUBBLES ALL BURST AT ONCE...AND THE REAL ZOMBIE WAS REVEALED...AND IT WAS VERY VERY UGLY.
THE ZOMBIE WAS "TAMED" TEMPORARILY BY "EMERGENCY" ZERO RATES AND QE 1 AND QU2 BY THE FED...WHICH HAVE NOW BECOME "THE NORM"...
THE HOPE WAS TO GET.... AT LEAST...PAPER ASSET PRICES HIGH AGAIN...A "NEW BUBBLE" REALLY...SO PENSIONS FUNDS AND 401KS WOULD NOT BE REVEALED TO BE UNFUNDED FRAUDS...
AND TO SOME EXTENT THIS "NEW BUBBLE" WAS ACHEIVED...SEE THE DOW TODAY...
THE MASSIVE KEYNESIAN STIMULUS THAT OCCURRED AFTER THE CRASH OF 2008...WAS DONE TO PRESERVE SPENDING POWER DURING THE POST BUBBLE DEPRESSION...
NOW...THE REPUBLICANS ARE CRITICIZING THAT KEYNESIAN SPENDING...
HERE'S THE PROBLEM...THE US ECONOMY NEVER REALLY RECOVERED...ITS STILL IN A POST BUBBLE DEPRESSION...
TRUE... THE FED TIT WAS STUFFED INTO WALL STREET'S MOUTH TO "REFLATE" THE PRICE OF STOCKS...AND THAT HAS HAPPEN...
BUT THE UNDERLYING REAL ECONOMY IS STILL VERY WEAK...AND IS NOT RESPONDING AS EXPECTED TO NORMAL KEYNESIAN NOTIONS OF LOW RATES AND GOVERNMENT SPENDING...
BUT KEYNES ASSUMED THAT YOU'D HAVE A "REAL ECONOMY"...NOT A POST BUBBLE ZOMBIE THAT HAS BEEN STRIPPED OF ALL PRODUCTIVE CAPACITY...
ENTITLEMENTS WERE INCREASED TO GREASE THE SKIDS FOR WALL STREETS LOOTING...AND DURING THE BUBBLE YEARS IT WORKED...
NOW ITS ALL COME CRASHING DOWN...
FRANKLY...THE US ECONOMY IS NOT SLAVAGEABLE...ITS BEYOND REPAIR...
WHO TAKES THE BLAME FOR THIS DISMAL SITUATION IS REALLY WHATS AT STAKE NOW...
A GOVERNMENT SHUT DOWN IN MARCH MIGHT BE WHAT IS NEEDED TO PUT THE US ECONOMY OUT OF ITS MISERY... AND FOCUS THE MINDS OF AMERICANS ON HOW DISMAL THEIR CONDITION REALLY IS...
THE ONLY OPTIONS OPEN TO STUPID AMERICAN NOW...ARE HORRIBLE AND CATASTROPHIC...
NOT PROMISING....
GET OUT NOW...SOMETHING VERY BAD IS COMING ...AND SOON.
