Sunday, September 12, 2010

A Very Interesting Economic Survey

"Two-Thirds of Americans Expect Double-Dip Recession, Brace for Second Hit Worse Than the First"

This is a quick read, and I sourced this LINK from Ed Steer's Gold and Silver Daily report.  The polling results show that an overwhelming percentage of Americans are planning to cut way back on their spending between now and the end of the year, including 79% of the respondents saying they planned on spending less money for the holidays.

70% of all economic activity over the last decade was derived from consumption. The only possible way to stimulate more consumption is to have Bernanke engage in his infamous "helicopter drop" of cash and to have the Government borrow and spend a massive amount of money. 

Short of this we face systemic collapse.  And for the record, anyone still living in the delusion being fed to us by the mass media is clearly not looking at the Truth, which is contained in the numbers from the survey linked above.


  1. We've been addictively carburating on an economy based SOLELY on consumption for TOO long now.
    IF things collapse, we may have lots of time to.. cultivate our gardens.
    My mother's cousin made it through the Great Depression with her 12 other siblings thanks to the family's garden.
    OTHERWISE.. they might NOT have made it..
    Let's hope THE SOIL is still up to it after our monstrous effort to sterilize it since WW2...

  2. Well the Pats defense is now young, fast, and hits like George Foreman! They looked scary good.

    Cannot believe the Broncos could not pull that one out today?

    I have aged steaks cooked up and pictures posted if interested.