normthefedup

The Coming Economic Collapse, Part 2

Graham, yuo're getting pummelled this morning and - for once - I do not think you deserve it. I KNOW you're figures are distorted and for the basis of proving your points, they need to be to some extent. BUT..your observations as to how we got here are right on the money, the consequences of our past are right on the money, and while I do not believe a collapse is coming, at least not right away, it's quite obvious that the bad habits of the past are going to crush us. I'm a senior citizen that needed to go back to work after losing half of my IRA in the current mess. I'm recovering but will never get it all back. That aside, the inflation that we're going to see as a result of ALL the governments in the world printing money and throwing it at this disaster we're living through not to mention the increase in interest rates as we run out of buyers for our treasuries, is going to make the Carter years look like a birthday party. Looking forward to part three.