The blog of a North Country Swede!

Monday, November 12, 2007

Economic smoke and mirrors ... or the love of money is the root of all evil

Fact: The cost of oil and food are not counted when measuring "core inflation".

Fact: The unemployment rate does not include workers who have given up looking for a job.

And our vaunted leaders have kept telling us the US economy was doing great ... right up until now when the plummeting value of the dollar has pulled back the curtain ... a la Wizard of Oz.

And we no longer have the industrial base to take advantage of a weaker dollar. We don't have anything to sell except Manhattan real estate. (That's metaphorical, folks ... just in case you didn't catch the sarcasm.)

And we the people have our brilliant idiots — our leading economists — conspiring with our greedy elite ruling class of global corporationists to thank for the mess we are in, and the coming catastrophe ... which they will sell to us via the religion of True Believers as the moral decline of the people ... when they should be reminding us of the age-old wisdom of "the love of money is root of all evil."

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

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