Saturday, December 18, 2010
Lest you were getting optimistic...
...I commend to you a slideshow describing the most hideous economic conditions ever endured by any American under the age of 75. Y'all discuss it in the comments while I run out and buy shotguns and canned food.
3 Comments:
By 
, at
Sat Dec 18, 09:43:00 AM:
You're only now acquiring firearms?
Perhaps you might also do what my father did in 1961. Build a concrete block shelter in the basement. You can protect yourself against the Venezuelian/Iranian axis, and it makes a great place to store canned goods. And if everybody does it, voila, stimulation of the economy!
PS: I used it as a darkroom and a place to train nubile young women in the art of photography. Very useful!
By 
JPMcT, at
Sat Dec 18, 11:08:00 AM:
I note that the deficit graphs correctly display the fact that Clinton DID NOT leave "a budget surplus" to George Bush, as we continually hear from the Democrats.
Sad slide show. It documents the violation of a basic rule of life: If you find yourself in a hole...STOP DIGGING!!!
By , at
Sun Dec 19, 09:56:00 AM:
Acquiring firearms is a waste of money. You should acquire only the number you and your family members present in the location can fire all at once, plus one or two maintenance spares, and spend all the extra on consumables: ammunition, maintenance supplies, and canned goods. You can push a lot of lead down the barrel of the Sig .40 that you have for the price of an additional Sig.
As to the matter of the graphs, I don't see the consumer getting rid of his debt as a bad thing. There are better and worse ways of unloading personal debt, but unloading, at these high levels, is generally good. A side effect: when the personal--and business--funds have paid down "sufficient" debt and been diverted then into savings, that just rebuilds the pool of loanable funds, which will fuel the next round of debt-financed growth. The early stages of that will be good, and then we'll overdo the debt and the cycle will be complete and ready for repetition.
Eric Hines
