Mind if I scare the living shit out of you for a moment?
by pinche tejano, Wed Apr 02, 2008 at 11:44:38 AM EDT
Okay, I got something really good coming down the pipes, actually doing a little investigative reporting. Seems there were some fronts used in the subprime market that are of very questionable legality. But more on that later, today I am gonna scare the living shit out of you.
I've heard a lot about American Depression this, Holy Fuck Our Money Is Worthless that, but where is the data?
Where are the charts?
Where is the pure information that will prove we are not over a barrel, because we can't even afford the barrel anymore?
Well, folks, here it is. Take a drink, hit the bong or prozac up like a suburban soccer mom, because here we go into the rabbit hole:
All these charts are from the Financial Ninja, his notes are on the charts, not mine. These charts are direct from the Federal Reserve.
If you don't read Financial Ninja, I suggest it, he always has great research, saves me a lot of time extracting bullshit like I am about to scare you with.
So here we go!
Total Borrowings are up from around $16 billion in December to $46 billion in February, almost a 200% increase. Both historical records.
Like an 80s retrofad, we have gone Less Than Zero.
You'd shit a brick if you saw this graph with the $45 billion included.
YES, $45 BILLION. Poof! Gone off the books! Must be sweet to be king.
All abroad the fail train! Next stop Deflation, with local stops to Stagflation and Bushvilles.
Why save? If savings account rate is below that of the inflation rate, you actually lose money saving it in a bank.
Locusts, the locusts are coming. At the end of the day, the ruling elite will walk outof this country and probably to Dubai with all the money they have looted from the American public.
Good thing they had a pretty cool distraction going while they looted us.
You know, that whole Iraqi War thing?