Oil Still Seeping and Economy Still Crashing
July 19, 2010
– Comments (3)
Seep in sea floor adds twist to Gulf oil saga
The sheep never cease to amaze me...we basically have what amounts to an economic nuclear explosion in and around the gulf states, the rust belt ostensibly shut down but for government assistance, and real estate in the worst depression in our nation's history at a time when the greatest percentage of our nation's wealth is concentrated in real estate........
yet the Fools still think things are getting better and the government can simply print money to hand it out to whoever or whatever they want regardless of how little production we have?
Plus all of the above is on a backdrop of the largest debt bubble in the world has ever seen....
as Wall Street and Washington are continuing to borrow over $3 trillion dollars each year while mainstreet is being cut off of credit destroying our jobs and tax base.
You have been outsourced sheep and you didn't even notice....the pain was relieved by replacing loss of jobs and production with debt and handouts.....but that can't last forever.....as the longer it lasts, the quicker our currency will be worthless/or else we will have to fight to force others to accept a currency not based on production.
Just ask the Roman Empire or the Weimer Republic for two very clear examples.
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