We are getting poor for the Iraq war
Posted by morris108 on May 16, 2008
We are getting poor for the Iraq war
Inflation has arrived and is coming big time. So many trillions are owed by the banks that it would be more correct to call them zillions.
There have been major meetings in the past; like Bretton Woods for example. Where an entire financial system was redesigned. We need something of that magnitude.
There isn’t one benefit of the Iraqi war to visualize. Not that if there were one, it could be justified. But still to add insult to injury: just sky high oil prices going even higher. Yes war contractors have benefited. Well for those of us not that way inclined, life is getting harder. Less money coming in and prices going up, and the forecast is far worse.
Almost all inflation figures are already breaking records. Although there are some semantical spin games to rearrange the figures, and even those look bad. And what are our lords and chiefs doing, nothing, just more of the same.
For inflation figures, see The Mogambo Guru: www.atimes.com/atimes/Global_Economy/JE17Dj01.html
