While money is on the discussion floor hereabouts, I wanted to share this gem from Karl Denninger.
His site might be a bit on the gloomy side, but there are some very real problems with the economy at large. It’s wise to pay attention to these larger issues.
And maybe get some food storage.
Edit:
More data to chew on… A Warning to the Political Parties
It all boils down to math and sustainability. It’s not even ideological or demagoguish at this point, just the cold inevitability of math.
My plan is to wait for the financial markets to collapse entirely and then we can stop losing 20% of our GDP to their nonsense. Imagine if all that went to something useful.
Not to imply that it would go to something useful. I’m sure we’d just use it to make disposable washing machines, bridges to somewhere we don’t want to go, and bombs that we cannot actually use because they’re too good at killing everything.
Don’t forget thousand dollar toilet seats.
I’d mostly just rather individuals be spending their own money on silly stuff instead of the .gov spending their money paying interest on bad loans. At some point, paying interest alone on the national debt kills any real productivity from the GDP… and it never touches the principal. It’s all downhill from there. Arguably, we’ve crossed that point, but we keep spending money. If a household were run that way, it would be bankrupt in short order.
Speaking of food storage, your governments like keeping you in a state where you rely on the infrastructure to continue to eat and have water to drink.
Basically it makes sure you keep looking after the same creaky, dangerous infrastructure out of fear of worse/immediate starvation.
It’s worth considering how much we rely on unknown and fallible strangers, with who knows what agendas in their heads, to supply the food that keeps our stomachs full. No one supplies food, doesn’t matter how much money you have – can’t eat money.
The same philosophy applies to the economic system.
“Just keep throwing that money at the stock market, it’ll get better!”
When a government’s best interest is keeping its citizens misinformed and dependent, it’s crossed a moral horizon as far as I’m concerned.
Don’t you start on at me about my food storage too :-P Next thing will be Family History…
*chuckle*
Sounds familiar. :)
Expect to hear lots about it this weekend hehe