Friday, January 7, 2011

The Hopium Tank: Printing a Recovery

PELOSI'S FINAL SPEAKER'S FEE: $5.34 TRILLION IN NEW DEBT, A MERE $3.66 BIL/DAY
ILENE @ ZERO HEDGE HAS POSTED AN article by Mike Whitney that's well worth a read. The above art says it all. It's a primer in Counterfeiting 101, and the re-creation of the same asset bubbles that led to the great 2008-2009 financial swoon. These shenanigans will create the next even more painful and prolonged crisis in which our dollars continue to buy less and the prices of commodities like gas, food, water and, yes, gold and silver continue their meteoric upwards climb. Make no mistake, this will affect every aspect of our and our progeny's lives for decades to come.

This circular boom-bust process will no doubt continue until the pain is so great that we---our country and its lawmakers, businessmen and grassroots citizens---say no more of this, and mean it. Are we there yet? I don't think so and I hope I'm wrong.

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