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Monday 21 June 2010

Thus spoke J. Wellington Wimpy............from Rico

Aldous Huxley once famously observed that "Facts do not cease to exist because they are ignored."

The fast-talking con artists [a.k.a. politicians] merrily experimenting with other people's money [OPM] are going to burden us all with higher taxes, fewer services, and a lower standard of living.
- Marxism/socialism and wealth redistribution tend to consistently result in impoverishing the masses and enriching the privleged few, contrary to their "tax the rich" we're "fighting for the little guy" baloney.

Look at the attached charts and tell me all about the fairytale of "recovery" and the socialist utopia ahead if we can just spend more money.

The twins (I call them Scylla and Charybdis) of near-term deflation and longer-term inflation coupled with massive US (Federal and State) deficits AND huge European sovereign debt problems = stay well clear of BONDS (government debt a.k.a. promises to pay you back someday in return for your money today)!!!

My own retort to the notional claims of "recovery" floating about like economic broken wind:
- "In your dreams, Sparky!"

Closing with the words of J. Wellington Wimpy (who lives eternally in the swamp of self-annointed political "leaders"):
- "I will gladly pay you Thursday for a hamburger today."

Sound at all familiar to the political 'promises' of today? No matter what you call it, broke and unable to pay remains broke and unable to pay.



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