Monday, November 7, 2011

Occupy Wall Street - and for You?

All the entries below culminate in a few things for most folks and the big banks make everything worse.

Printing USD will mean the cost of a hamburger or taco rises by the same ratio... twice as much? A $10 hamburger?

Your income will not rise because wage deflation is fully in force so your effective income would be less than half.

If you are wealthy, you can get a calculator and divide your wealth by the factor 2 or more.

Gasoline and other US dollar traded commodities? Get a bus token.

Good news? Maybe you owe zero taxes. There goes the Navy... no $.

Worldwide currency deflation is not funny in this situation.

This is not a political issue; instead, we need to dispel this issue before the politicians kill all of us through ignorance.