Viper1 on 02 March 2010
| Rath said: Doesn't take into account inflation, therefore has a huge bias towards near past. Is in fact near useless because of it. |
You don't know what inflation is, do you?
| SaviorX said: What does this mean for me? Is this just a thread to blame Obama again? |
Blame Obama? Of course not. Blame the whole government and the FED. It all started before Obama was born. However, he (and Congress) has accelerated the problem greatly by increasing government spending well beyond government income. Toss in an artificially low interest rate, a reduction in T bond sales, inflated bank monetary assets, monetized debt programs, etc...and the proverbial shit is going to hit the fan.
The only people in Washington that are denying this are those either making a profit from it or too damn scared to admit the reality for fear of not getting re-elected. Or they're just ignorant.
The rEVOLution is not being televised
Essay Pro