Monday, August 30, 2010

Spending by President

Carter (not on chart) far outspent all previous presidents and put us into hyperinflation. Pseudoconservative Reagan outspent all previous presidents. Bush Sr. outspent him. Clinton went nuts. Bush Jr. continued the insanity. Obama is now King of the Spenders. The National Debt will be paid in the form of the Much Greater Depression. Each man, woman and child in America owes $200,000. Every family of four (including infants) owes $800,000. It’s hopeless folks. All debts get paid in the end, either by the buyer or the seller. Always.

If you still think we have a two party system in this country...


  1. There's much to digest here.

    I'll pick on just one. I'm not ready to dismiss derivatives as a "scam." They were invented to add liquidity into the markets, I believe in the early 1970s.

    During my time as a stock broker, personally, I was skeptical of them (options were popular among some clients) but they did serve a purpose for others. For example, farmers with futures and forwards contracts.

    Everything can be manipulated so to single out derivatives as being designed to scam I'm not sure.

  2. I think America's the end game is to kill the lenders and creditors. Whether this makes it dangerous to own bonds, I don't know, but I think you'll find Mandarin is not as helpful as one imagines it might be.


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