If you follow markets, you’re probably aware of all these facts. But to see them compiled like this is shocking. From Zero Hedge:
- Dow Jones Industrial Average: Then 14164.5; Now 14164.5
- Regular Gas Price: Then $2.75; Now $3.73
- GDP Growth: Then +2.5%; Now +1.6%
- Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
- Americans On Food Stamps: Then 26.9 million; Now 47.69 million
- Size of Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
- US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
- US Deficit (LTM): Then $97 billion; Now $975.6 billion
- Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
- US Household Debt: Then $13.5 trillion; Now 12.87 trillion
- Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Read the rest here.
Nice long interview with RT’s Lauren Lyster.
There is inflation in the world, it’s going to continue to get worse. And there will be an inflationary holocaust before it’s over.
John Williams’ latest alternate inflation data, based on the methodology used by the BLS until 1980:
Another brilliant series of raw cuts, this time featuring legendary investor Jim Rogers, from the upcoming film The Bubble. Of the hundreds of interviews I’ve seen with Mr. Rogers, this is possibly the best. Why? Probably due to the fact that the film’s writer, Thomas Woods, is an Austrian/free-market economist like Rogers.
“American finance is going to be in a (relative) decline for the next 2 or 3 decades… 10 years ago, most IPOs were done in NY…”
“It will be good for us all when this central bank eventually disappears…”
From the upcoming documentary The Bubble by Tom Woods.
I can’t wait for this movie. All the footage I’ve seen so far looks fantastic.