Can someone tell Obama recoveries are supposed to be up and to the right. How can you have an economic recovery with less jobs than when it started? You can’t. This explains the horrible retail results. The economic solutions chosen by Obama and rolled out by his crack economic team of Beavis & Butthead (Geithner & Bernanke) have enriched the connected Wall Street oligarchs, while impoverishing everyone else.
I now have a much better appreciation for Charles Dickens’ Tale of Two Cities. When 41% of the working age population (102 million Americans) are not working, you’ve got a real problem. Remember what happened during Dickens’ time?
The entire farce reminds me of a huge, long, thick rubber band, affixed to a stretcher that slowly twists and stretches the rubber band with no plan in place to handle the inevitable tragic moment when the rubber snaps from over-stress.
We plug along pissing on wee fires here and there, dragging every central bank on the face of the earth into aiding and abetting a continuous dilution of monetary worth – dancing on increasingly tall mountains of fiat currency and credit with absolutely no plan for the crises moment when things go “snap”, fiat money is no longer accepted by anyone for anything and the pricing/cost basis of the entire worlds’ economy is trashed overnight.
I only wish someone much smarter than I could quietly compute WHEN this crises point will occur (and it will) so I’ll know when to depart this veil of tears before it happens.
My own hope is that when it occurs, it does is slowly for a while, building momentum to allow the more observant and knowledgable to CYA before the total collapse.. Not gonna happen. It will happen on a Saturday, after midnight, and while the collapse will be heard around the world, it won’t be until Monday morning when it becomes clear that TSHTF with finality.
MA
In the meantime, don’t believe ANY numbers issued by the gov or Fed. Remember the quoted from the central bankster who admitted in a rare moment of truthiness….”When it gets serious, you have to lie”.
Reagan Recovery and Obama Recovery is simple. It is all Bush’s fault. It is all under the Tarp. This is a scandal that will turn this country into its rightful banana replublic status.
admin- as an out-there-on-the-front-lines blogger this link may be of interest to you.
https://www.eff.org/bloggers
One of EFF’s goals is to give you a basic roadmap to the legal issues you may confront as a blogger to let you know you have rights and to encourage you to blog freely with the knowledge that your legitimate speech is protected. To that end we have created the Legal Guide for Bloggers a collection of blogger-specific FAQs addressing everything from fair use to defamation law to workplace whistle-blowing.
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.
Charles Dickens,
https://archive.org/details/TaleofTw1946