Showing posts with label Greater Depression. Show all posts
Showing posts with label Greater Depression. Show all posts
Monday, March 23, 2020
Sunday, November 15, 2015
Saturday, October 9, 2010
Food stamp nation with inflation
It's incredibly cruel and in poor taste to see pundits, analysts, and experts hail the Dow Jones Industrial Average cross the 11,000 threshold. And it's disheartening to witness the Bureau of Labor Statistics under-count unemployment and understate inflation at 1% for the Consumer Price Index, when a quick trip to the grocery store and gas station reveals much higher inflation. They're all lies perpetuated by the government, hiding behind flawed, official calculations to calm the growing social unrest. Meanwhile, the underclass and disappearing middle class have seen their purchasing power evaporate.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/9_Food_Stamp_Nation_With_Massive_Inflation.html
Are government economists and central bankers even looking to solve our economic problems? Or are they merely interested in covering up their treasonous actions? Debates of recovery vs. double dip recession seem pointless when the reality is that we are in the midst of a Greater Depression, with at least a decade of lower growth and higher inflation staring us in the face.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/9_Food_Stamp_Nation_With_Massive_Inflation.html
Are government economists and central bankers even looking to solve our economic problems? Or are they merely interested in covering up their treasonous actions? Debates of recovery vs. double dip recession seem pointless when the reality is that we are in the midst of a Greater Depression, with at least a decade of lower growth and higher inflation staring us in the face.
Labels:
DJIA,
double dip,
food stamps,
Greater Depression,
inflation,
recession,
unemployment
Monday, February 8, 2010
Yep, QE to infinity is coming.
Despite declarations of quantitative easing ending, and "exit strategies" for pulling back "stimulus" spending, the title of this Bloomberg article says all you need to know ("G-7 Vows to Keep Economic Stimulus Even as Budget Deficits Grow"): central banks worldwide will predictably continue to print money in an attempt to stave off The Greater Depression. Congress and the Obama administration will continue to kick the can down the road--at least until the mid-term elections are over. Meanwhile, the budget deficit and national debt will continue to grow by monstrous proportions.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHNY95xmqjwM&pos=1
And Tim Geithner, US Treasury Secretary once again endorses a "strong dollar policy." Yeah, right...we've all heard that one before.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHNY95xmqjwM&pos=1
And Tim Geithner, US Treasury Secretary once again endorses a "strong dollar policy." Yeah, right...we've all heard that one before.
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