Monday, December 08, 2008


I don't have any either. This New York Times story illustrates why:

"During the economic expansion that lasted from 2001 until December 2007, when the recession began, incomes for most households barely outpaced inflation. It was the weakest income growth in any expansion since World War II."

Most people's income just barely kept up with inflation. That was over a year ago. With the gas prices of this past year, it would probably be accurate to say that the income of many, if not most, households did not "outpace" inflation.

Bailout Commitments=Coming Hyperflation?

The bailout of our fraudulent financial system is just over 2 months old (awww...look at the little's so cute...cute wittle bailout) and over $7 trillion dollars have been committed to various institutions. A study by Casey Research (whoever that is) has determined that the bailout costs "more than all U.S. wars and many big programs combined."

That's at least $24,000 for every person in America.

And that much new money floating around the economy is going to cause hyperinflation, possibly on par with that of the Weimar Republic. And then no one's income will outpace inflation.

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