Sunday, January 16, 2011

Recovery, Inflation, Food Prices

The Automatic Earth sums up - Recovery, Inflation, and Food Prices in Zombie Money Kills Real People
..."There will be a Keynesian factor which clings to the theory that says it is indeed possible to borrow your way up, but that's a mere mirage, since it would require a surge in real productivity, i.e., outside of the service industry...manufacturing today counts for 10% of US jobs."

..."I'm all for a society, a government, that takes care of the weakest in its midst. I'm all against a government that props up the strongest in its midst, in this case the bankers with bonuses larger in one year than the weaker among us can make in a lifetime, the same bankers who lost more money in bad wagers than the entire country can cough up, and still be economically viable. We're fast becoming zombie societies."

..."What we know for sure is that the zombie money we elected to have flow through our financial systems is going to kill a lot of people this year. Want to plead innocence? How long do you think that excuse will be accepted?

Cue Tunisia.

Where our zombie money kills real people. Today."

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