Wednesday, April 1, 2009

20 Steps To Armageddon

from http://ashizashiz.blogspot.com/2009/04/20-steps-to-armageddon.html


Stunning is the best word to describe it. Like, halted-in-your-tracks there's no way they really believe what they're saying stunning. Recovery? RECOVERY???? Consumer spending??? What??? WHAT???!?!? Look, it's really so very simple. Here's the 20-step road to Armageddon. Virtually guaranteed by the actions of our leaders beginning in the early 1970s and culminating with the Obama-Summers-Geithner bailout mania:
  1. Consumers are tapped out
  2. Consumers are in debt
  3. Consumers want to get out of debt
  4. Consumer's cannot get credit
  5. Consmer's don't want credit
  6. Consumer purchasing power is gone
  7. Businesses are not selling stuff
  8. Businesses raise prices to make up for poor sales
  9. Consumers cannot pay higher prices
  10. Consumers cannot get out of debt
  11. Stimulus monies are hoarded
  12. Stimulus monies are used to pay down debt
  13. Stimulus monies create NO new jobs
  14. The velocity of money crashes
  15. Deflation accelerates
  16. Prices crash
  17. Businesses close en masse
  18. Unemployment explodes
  19. Consumers starve
  20. Civil War erupts

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