The sad thing is that the U.S. Federal Government understates the measure of inflation in no uncertain terms. Which is why gold, silver, oil, natural gas, wheat, corn, etc... continue to soar and give the lie to the data coming out of that den of iniquity commonly known as Washington, D.C.
Retail sales took an "unexpected" fall (clearly the journalists calling this unexpected have not been reading up and researching here) of ".4". Yea, and pigs fly! REAL Inflation was most likely somewhere between 7% and 9%... if "sales" fell .4, and that would include the RETAIL PRICE OF GASOLINE, THE REAL FALL WAS MUCH WORSE!!!
Another country heard from, Wall Street's own Jim Kramer tells us that the Federal Reserve could have prevented the markets woes with a stroke of its interest rate pen. Earth to Jim: If the U.S. cannot expand its consumption of BTU's (energy) no amount of stimulus is going to spur growth within our borders (actually any growth spurred by said spurious activity would happen in Saudi Arabia, Iran, Venezuela, etc...). Folk's, one way or another you are going to have to come to terms with this issue.
Speaking of Wall Street... Anyone notice who our "best and brightest" had to go hat in handfor capital to keep their ships afloat? The folks that sell us our oil. They have so many of our dollars that these "Sovereign Wealth Funds" (fancy words for "Dictatorships of Countries Endowed with Oil") have nothing to lose in propping up our banking system, lest those dollars become worthless even faster than they would have left to the Fed's devices.
Meanwhile, General Motors rolled over and and has admitted that the end of oil is in sight and that ethanol is just a stop gap. I wonder if the pension manager's know what that means?
The U.S. dollar is at real risk of a full fledged catastrophe. I don't know what will precipitate it, but at any time in the next 1000 days we could see a move in the American currency that would jar the American people out of their consumptive/political/societal stupor.
Stay awake. This movie is just getting good.
Yours for a better world,
mentatt (at) yahoo (d0t) com
No comments:
Post a Comment