Over the past few months, the government has literally blasted the economy with trillions of new dollars conjured from the ether. The fact that this “stimulus” has blown some air back into our deflating consumer-based bubble economy, and given a boost to an oversold stock market, is hardly evidence that the problems have been solved. It is simply an illusion, and not a very good one at that. FULL ARTICLE
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2 comments ↓
Happy times are here again! the markets are up!!
No one seems to care, though, that the more they print and borrow, the less those dollars are worth. The market could hit 10,000 again, but it’s value could be lower than ever.
I here Peter talk about the US producing more consuming less quite often. After some thought I may have figured it out 4 trillion in Iraqi oil 1 trillion in afgan poppy. Am I wrong? Is there any history that we can look @ to research? Just wanted to ask some like minded about this.
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