The Shill, The Coug and LIESman are "stunned" and "shocked" this morning at the lousy, awful and horrible BLSBS report. Really? Really?? Come down from your ivory towers and visit Main Street every once in a while you dopes! Utterly clueless, status quo, inside-the-box thinking.
I sure hope that, by now, none of this surprises any of you. The U.S. economy stinks on ice and it will continue to. What does this mean?
1) Tax receipts at the federal, state and local level will continue to decline.
2) Politicians will try to raise taxes which will only exacerbate the economic malaise.
3) Government debts at all levels will grow at an increasing pace.
4) THE ONLY FUNDING/SERVICING OPTION IS DEBASEMENT OF THE CURRENCY VIA QUANTITATIVE EASING (MONEY PRINTING).
5) The ultimate impact will be unprecedented global insecurity and upheaval.
We are here to help each other and warn others. There is still time but the sand is nearly drained from the hourglass. Protect yourself and your family while you still can. TF