Wednesday, November 21, 2007

Hey Buddy, Can You Spare $1,000 Trillion?


Many of us have read the source articles for this article.
But it remains a convent reference paper as she has just about found all the 
recently publish financial contrarians other than maybe the Mise Institute
perspective. And they have been saying this long before most of these
writers woke up to the problem.
Bottom line for those who don't want to read it ....The nation is not going 
into recession. The nation is bankrupt and going into a deep recession while
at the same time experiencing inflation for necessities.
Though actually it maybe worse than just national or regional as it is
doubtful this will pass with out infecting the Asians who are the work 
horses for the western rich nations. And more recently the money lenders
aswell.
And while you are pondering this please factor in 'Peak Oil' effects which
is also not mentioned in this piece. And don't be misled by the recent 
Brazilian oil find as the demand is already their and will quickly be
absorbed. We will never experience cheap oil or ENERGY again.

No comments: