The American government. They might as well be. The shocking thing is not that it is happening, because everyone knows that the dollar is declining. Rather, the shocking thing is how long this has been happening without attention. I have long had the suspicion that the economy was being propped up in some kind of artificial way, but not having an economics degree myself, it made it extremely difficult to hypothesize about how it was happening. Of course, I could postulate that the increased consumerism created and encouraged by the American government after 9/11 has been doing it all, but that isn't it; It's only part. We are buying more shit that we don't need than ever, and none of us are immune to it. This, of course eventually manifests itself in stories about people that claim to have nothing and not able to pay their bills while sitting next to a big-screen TV. And the problem is that they may very well be telling the truth. This credit crunch goes all the way to the bottom, and before the end of this economic situation my prediction is that MILLIONS, yes, millions will be without a home; Tens of millions will be without a job and almost everybody will have their life savings and investments wiped out at the hand of the direct and indirect actions of this administration we have had for the past 8 years.
http://www.financialsense.com/fsu/editorials/2007/0416.html
View the above link and see the evidence for how we are being robbed and the economy is, and has been being falsely propped up like some "Weekend at Bernie's" sequel.
Thursday, March 27, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment