The BUBBLE EVERYONE MISSED....except yours truly.
The Government Bubble!
Nobody benefitted from the credit bubble more than the Federal, State, and Local Governments in America.
In the last 20 yeras, Government spending has more than trippled....from $2 Trillion to OVER $6.5 Trillion dollars.
Unfortunately, as the credit bubble deflates, wages collapse, and business continues shrinking we will be unable as a nation to support such a massive government spend....even if government taxes 100% of our earnings, savings AND assets!
Forget about health care reform, unless we address this issue quickly, we won't even be able to eat because our money will be worthless....no matter how much you have.
MORE and more are waking up....my buddy Karl Denninger is beginning to see the ice clearer for you hockey players and Cannucks.
It has all been a fraud my friends, asset values based on borrowing and little else, and will likely unfold before your eyes by 9.09...Alstrydomous time.
We are all in this together.
If you are a Green Shoots Grannislike Economist, you should be embarrassed for your negligence.
If you are a Goldman Girlyman..... get ready.
If you work for CNBS or the rest of the mainstream press...too bad you can't be accused of malfeasance or nonfeasance. Even the Gardner Brothers remained conspicously silent.
Soon America will leave the Matrix....and it will NOT be pretty....but we will get through it and the future will be bright...again.
When the government stops spending, OUR ECONOMY DIES.....plain and simple. Our government is BROKE while the banks continue to divert as much as they could before the music stops.
It is coming and now you know......get ready for the show.......it will be BIG time....and before 9.09.