Re: Depression, inflation, economic collapse

jtnospam@[EMAIL PROTECTED]
 wrote:
> Those economic stats are calculated on the consumer price index, which
> was altered in the '70s to exclude food and energy prices. If you
> include the obvious that everyone that shops for food and gasoline,
> the real inflation rate is closer to 9%, which would mean the real
> economy is shrinking substantially, for 2 quarters in a row, which
> puts us in a recession. 'Pubs and Dems may not agree on much else, but
> they will agree to keep each other in power, and none of them wants a
> truly informed voter to hold them accountable, thus all the
> cheerleading agitprop.-Jtnospam
Reasonable analysis, but since the electorate is not rational, the data 
does not matter, and wont effect policy.

Remember- "if you owe the bank a thousand you have a problem; if you owe 
the bank a million, the bank has a problem."? The US owes the global 
financial market 9 trillion in just the national debt, never mind what 
it spends to keep the whole game going.

What happens to the Asian dragon economies if the USA quits buying all 
the **** they make? The USA is still a major food supplier and can feed 
its own population without the money from global trade. That is, if it 
can maintain the complex infrastructure agribusiness needs.

Part of that infrastructure is the banks who front the money to buy the 
seed, fertilizer, and tractor fuel. If the banks fold because of global 
financial panic, then the proverbial schitt will hit the fan here too.

My Ozark hillbilly friends have been telling me for years that we are at 
that awkward time when it is too late for them to fix things, but still 
too early to drag the bastards out to be shot. Never before has it 
looked like the awkward time is so nearly over.