- Federal Spending vs. Median Income. As the link of Ace of Spades states, "Holy Effin $&it!"
- Why the Fed's policies will collapse the economy. Key thought of the article:
In a credit-driven monetary system, you can only get "inflation" (in the truest sense, where it flows through to wages and prices, thereby debasing - that is, helping - people pay down indebtedness) if there is credit expansion.
But when the limit of credit expansion is reached ...further machinations of this sort do nothing other than bankrupt the population.
We essentially have the Fed trying to create inflation in order to pump the economy and stabilize employment, but it isn't working because no one wants new credit.
So we have the government spending like mad, the Fed pushing ZIRP (Zero Interest Rate Policy) AND having bought all sorts of bonds (one type of paper) by issuing new money (a different kind of paper) through quantitative easing, and now hinting to do more. And so far all of this has done...nothing, except rack up more debt that someone has to either repay or that has to be defaulted on.