Friday 27 August 2010

Sad end of a chain-letter. Socialism......from Rico

We are witnessing the sad end of an economic chain-letter.
- Consider REAL vs. NOMINAL for a moment.

In the last decade (that's 10 years for progressives):
- GDP vs. Gold is down <62%>
- Median Home Price vs. Gold is down <70%>
- Per Capita Income vs. Gold is down <70%>
- Beef vs. Gold is down <63%>

In REAL terms we have been not only in a 'recession' but in a 'depression' for a quite a while already.
- Recovery? Get REAL.

NOMINAL the DJIA is down over 28% from its Oct 2007 high of 14,280.

REAL it's down 50%. REALLY.

And vs, the $$$ the DJIA is down in REAL terms by 79.6%!!!

Gee, our fractional reserve lending/banking system has worked a treat, eh, Maynard?
- Double-plus good!

What we are witnessing is the sad end of a Ponzi scheme, the end of a chain-letter (ever hear of Albania?).

This is exactly what SOCIALISM has to offer you!!!!!!!!!!!!!!!!!
- Collapse under the weight of it's delusion, idiocy, and corruption.


1 comment:

Anonymous said...

Do you know the dailyradar site seems to be closed? NO beltwayblips?