Re: Depression, inflation, economic collapse

Day Brown <daybrown@[EMAIL PROTECTED]
> wrote
> 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.

> Reasonable analysis,

Nope, just more mindless silly stuff. Cant even work out the difference
between inflation and growth, or anything else at all, either.

> but since the electorate is not rational,

Yes it is on the more im****tant stuff.

> the data does not matter,

Wrong again. Its re****ting what is happening.

> and wont effect policy.

Wrong again when the fed uses that data to determine 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.

And those who have lent that dont have a problem.

> What happens to the Asian dragon economies if the USA quits buying all
the **** they make?

Taint gunna happen.

> The USA is still a major food supplier and can feed its own population
without the money from global trade.

Modern first world economys are about a hell of a lot more than just
feeding the population.

> That is, if it can maintain the complex infrastructure agribusiness
needs.

That isnt necessary to feed the population.

Its actually been about the industrialisation of agriculture for a hell of
a long time now in the first world.

> Part of that infrastructure is the banks who front the money to buy the
seed, fertilizer, and tractor fuel.

Nope, not as far as feeding the population is concerned.

> If the banks fold because of global financial panic,

Taint gunna happen.

> then the proverbial schitt will hit the fan here too.

Nope, just like it didnt during the great depression.

> 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.

Just the usual mindless silly stuff you'd expect from stupid inbred
hayseeds.

> Never before has it looked like the awkward time is so nearly over.

Only to fools that have never had a clue about the basics.