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Wednesday, June 16, 2021

An 80-year-old globetrotter predicts US financial meltdown

"There are two reasons why we’re in Europe now, permanently [...]

The second reason was my lack of faith in the US financial system. The American economy is going to collapse. 

That Lehman collapse in 2008 should have blown up the whole fuckin’ system, but this time, it’s going to, for sure, and maybe even during this summer.

It always amazes me that the country is still functioning, sort of, half-assed, today. There’s no way in hell it should be. It’s insane! Yesterday, they announced the monthly consumer index number, which is the measure of inflation in the US, supposedly, which it really isn’t, because they changed the way they do that, about 15 years ago. They used to include things like food and energy, but now, they don’t consider important how much food costs, or gasoline, or heating oil.

I just went through their bullshit list. All their data are phony. They lie about everything, the unemployment report, number of jobs, payrolls. It’s all lies. The GDP number, they lie about that, every single time."


I felt the same when all the government did in response to the Global Financial Crisis was to support the perpetrators, at a cost to taxpayers so great that we cannot conceive it.

Still, hasn't happened yet. As Mark Twain reportedly said, 'The reports of my death have been greatly exaggerated' - though even that quotation has been stretched:  http://www.thisdayinquotes.com/2010/06/reports-of-my-death-are-greatly.html


James Higham said...

"They lie about everything." Is that a Whitty quote or just one about him? :)

Oldrightie said...

How about both, James?