Wake Up Call – Next Bubble To Burst: Government Spending – 12/24/12

Will “the cliff” do the trick? Or must we wait for the wave of municipal bankruptcies to kick in first? Why has government spending accelerated if we are truly in a “recovery”? Why is the Fed massively padding its balance sheet? How much of the economy is sapped by unproductive activities? With government responsible for almost half of GDP, how much longer will it be before private business just gives up altogether and America wakes up to a Communist society? It is moving inexorably in that direction. Some statistics proving the presence of deflation. The consequences of the BabyBoomer retirement wave. The Baltic Dry Index. Comment about Bernanke from John Hussman. A comment by Paul Craig Roberts about derivatives.

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