This Could Be The Most Ignorant Statement EVER!!!!
November 07, 2010
– Comments (4)
It is sort of strange to watch Wall Street and Washington destroy America and make such insanely stupid public statements that get such little reaction compels me to reluctantly wonder whether Donner is right in that America is just plain stupid.....
Just look at this one from GS.....
“The widespread hostility to the Fed’s actions is misplaced,” Hatzius wrote in his e-mail, which he distributed yesterday in New York. “The slack in the system is so enormous that U.S. inflation is unlikely to become a problem for years.”
Inflation is a monetary/political issue....not even neceassarily corelated to demand. Hyperinflation occurs when trust in the currency is removed.....in Zimbabwe, the currency started to lose value when the government started confiscating farms and money started fleeing the nation.......when the money started losing value.....unemployment was OVER 50% and there was lots of slack in capacity.
Just watch what oil is doing.....or take a trip to the grocery store and you realize immediately that inflation is everywhere in the items that are commodity based......espcially those items revolving around food and fuel......
When you have inflation accompanied by "slack in the system".....you have Zombulation.....the most perilous of all combinations because you have skyrocketing prices and collapsing wages....
If I were a greedy Goldman stratagist, Zombulation is the policy I would pursue. I would starve as many Americans as possible.....invest in Asia with brand new state of the art infastructure and favorable labor laws, have my buddy Warren buy the railroad that travels from our breadbasket to the West Coast.....and instead of feeding the subsidized fat lazy dumb Americans(please note the sarcasm intented), ship America's food over to China and India for HUGE profits where there are a bunch eager engineers ready to advance the ball forward.
Hmmmmmm.......could this be who are politicians work for? No wonder there is sherrif left in Dodge.