The Ultimate Question
March 17, 2010
– Comments (8)
It was clear that when you cut off credit to our credit dependent consumer economy, our economy would implode. It has despite massive borrowing and spending by government.
The economic collapse has been so severe causing revenues to government to drop so much that even borrowing $2 trillion per year is not sufficient to halt the decline.
We have more people on food stamps, more people losing homes, more and more jobs lost and businesses shutting down each week......DESPITE GOVERNMENTBORROWING $2 TRILLION DOLLARS.
There are companies in the stock market whose sales have dropped over 30% in the past year, after dropping double digits the year before, but stock prices are up over 300%.....in such an environment, analysis and commentary becomes worthless and is more similar to advising on picking red or black on a roulette table.
We as a nation do not earn enough money to support our government in anything close to its current form....the outlook going forward is for even lower revenues to government.....now the unsettling question is what will our nation and government look like as we face the realities of zombulation?
As I said, if you are focusing on the ticker, you are focusing on the wrong place....when our government is out of money, we are all broke as our system is no longer functional.
Now the question is how does this play out when the American citizens can no longer support the American government?
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