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Tuesday, 22 June 2010

Grease vs. Greece vs. USA...............from Rico

I remember a musical called "Grease" which was truly horrible.

Then there were the recent riots in Greece (thank you socialist economic exuberance) which were worse, and real...not cinematic.

The US of A now has a budget deficit of 11% of GDP which is not so very far from Greece's 13%.

The US is bigger than Greece.

D'uh!

And the NY Fed prints a comic book about inflation [see attached excerpt from their "Guide to Inflation"] which pretty much proves (a) they think we are idiots, and (b) they ARE idiots.
- Some have called this Keynesian for kretins. I call it crapola!!

If there was ANY doubt before this that we were screwed, this ends it. We are SO royally screwed.....


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