Sunday, July 8, 2012
The Fed needs your help !!
The latest job report is interesting. While 80,000 jobs were added during June, 85,000 filed for disability during the same month. As I write this the Fed is preparing for another stimulus, QE5 or 6, I lost track. In my opinion, the further infusion of phony money into our economic system is just prolonging the inevitable as it masks inflation and decreases the value of the money that we have. Eventually, the inflation will be obvious and the value of the dollar will be nearly zero. The unemployment rate is nearly twice what is reported as thousands are kicked off the rolls as their unemployment benefits have expired. By the way, the states are shortening the unemployment benefit duration as we speak so new enrollees will have shorter benefit schedules. Lastly, lets admit it: Probably the one individual running for President who could reverse this situation can't garner more than about 15% of the popular vote because very few (?10-15%) have heard of the Federal Reserve or know what is in the Constitution! I think the Fed needs some help in bringing about the collapse before the end of the year (Obamacare not going to help in a major way until next year) and the disability claimants have shown us the way! It is known that over half of the population currently depend on a check from the treasury, lets push that number to 70% or more!! That should put us at QE8 or 9 by election time. Come on! Let's get this done because I'm tired of arguing with Keynesian economists and I have better things to do next year like stock my bunker!
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