fotokemist

Especially Bad Housing Numbers and Taxpayers as Mouse Models

I spent the weekend at a family reunion in the foothills of North Carolina. Farmers, small business people, blue collar employees. Folks most of you would classify as red necks.

The ones I talked with had a surprisingly clear understanding of the economic situation, lack of government credibility re: the state of the economy, the role of TBTF banks with the collaboration of the FED and Treasury in screwing them all out of a lot of money, etc.

Perhaps the best long term hope for the FED is a credible audit. At the end of the day, government must always rely on the consent of the governed. Unless we are prepared to use the tactics employed by the Romans, Nazi's, etc. to obtain that consent, someone should start paying attention to the rising frustration and anger of J6P.