Saturday, December 22, 2012

Tyler Durden's Statistical Portrait of the American Economy

In response to the previous post TL sends along a link to Tyler Durden’s statistical portrait of the American economy.

Durden begins on a somber note:

What a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just “tweaking” things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic “adjustment” that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up.

He continues with a list of 75 facts about the economy that the media has largely ignored.

They are well worth a read.


n.n said...

It's an economy of attrition through a progressive devaluation of capital and labor. The armistice will be signed with an election to exchange liberty for submission with (marginal) benefits. The demilitarized zone will be constructed shortly thereafter... in 2013.

That said, correlation is not equivalent to causation. Still, it seem reasonably to become a cynic of words and deeds purported to be offered in good faith and with good intentions, when the outcome is diametrically opposed.

It could also be a forced correction to return the economy where it accurately reflects the productivity of its capital and labor. Unfortunately, reality is shamed by fantasy, and trillion dollar account deficits are appealing to the inflated egos and the greedy bastards who wield them, rich and poor alike.

Sam L. said...

How can this be? I keep hearing the recession ended 3 years ago!

We be screwed.