When Lies Become Truth....It's Over
Mish does an excellent job showing how reported rising retail sales are a lie....
It is only a matter of time before the rising numbers of unemployed realize they have been had...by bankers and politicians working for bankers. That bankers and politicians simply created the largest ponzi scheme the world has ever seen by infecting America, BUT MORE IMPORTANTLY its states, its local governments, its schools, hospitals, its businesses, and families with such an enormous amount of debt that can ONLY be serviced if new credit was advanced each year.
They will learn that essentially their entire retirement was based on buying a variety of debt obligations from their bankers, brokers and advisors that mathematically can't be paid back without making currency worthless.
They will ask why can bankers borrow from government for free and loan the same dollars back to government at much higher rates and citizens can't? Where is equal treatment under the Constitution?
Citizens will start to ask why do citizens get cut off from credit but bankers get bailed out with endless credit?
Many will wonder why do politicians get paid when their constituents can't generate enough revenues to pay their salaries?
Citizens will get angry and revert back to the principles founding our nation like no taxation without representation...don't tread on me.....give me liberty or give me death.
What citizens may learn is the bankers cut them off of credit, shut down the economy, destroyed their retirement and voided all liberty through giving us a war like the world has never seen.
The above are simply the consequences of what happens to a nation when those who should know...dont...those that should feel...don't......and when it happens, bury their heads in the sand.