Posted by
The INFORMER (Cokie907@yahoo.com) on Saturday, February 04, 2012 2:23:54 PM
Well it's another Super Bowl weekend and time to "party like it's Super Bowl XXXIII". :)
No doubt many things will be discussed at your bowl gathering and one of them SHOULD BE the November elections as well as the sorry state of our nation. Allow Mister Meat n Taters to give you a "Super Bowl of Stew", complete with plenty of meat and potatoes, to present amongst your faithful.
America's economy has been a "potemkin village" of sorts since the late 80's/early 90's when millions of manufacturing jobs began leaving our shores for other nations with much less punishing regulations, miniscule taxes and yes, the liberals' only favorite, lower wages as well. The growth in stock market indexes since this time is largely a mirage, created by INFLATION due to loose money policy by the Federal Reserve. I've used a football analogy from the movie "Varsity Blues" to illustrate how the FED used easy credit and ultra-low interest rates to prop up Wall Street and our 401K's. Remember how the coach in that movie (Jon Voight) would shoot drugs into the quarterback's knee each time he got hurt so he could keep playing? Well that's exactly what Alan Greenspan and Ben Bernanke have done at the Federal Reserve since the early 1990's. What happens to the quarterback eventually after playing on a knee that's had 3 or 4 hydrocortisone shots? hmmmm
America has had 2 "Bubble Economies" which imploded cataclysmically and unexpectedly, right now we are working on our mightiest one ever! The first was the "Dot-Com" Bubble which poppedd in March of 2000 due to what, if you remember? It was the Dept. of Justice's lawsuit against Microsoft that sent investors running for the exits due to excessive fear/panic. In 2008, we saw the collapse of the Housing Bubble and that was set-off by gas prices going up by 400% over the preceeding months after ignorant voters put a democRAT Congress, laden with "enviro-nutjobs" in control.
Since 2008, the Federal Reserve has created 2,500,000,000,000 dollars in excessive money supply with a DECREASE in the real GDP output of our country. Meanwhile, interest rates have been kept at close to ZERO percent. Our government has created the "Mother of all Bubbles", a massive DEBT bubble. What will it take to "pop" this one and what will be the end result?
Now that is something to stew over, on this Super Bowl Weekend.