Setting aside all these "culture food fights" raging within America, from same-sex marriage, legalizing marijuana use, animal rights, banning foie gras in French restaurants, banning plastic bags, and a carbon tax imposed on one's excess carbon footprints and emissions, Many Americans are not thinking straight and focusing on the fundamental issues that face their society from within.
Forget the pain and hemorrhaging suffered in terms of human fatalities and casualties in two wars, i.e. Iraq and Afghanistan, with consequences, social and economic, and yes, psychic, in the form of war-shocked returning troops suffering "post-traumatic stress syndrome" and readjustment to peacetime and the bleak jobs market at home.
Forget the Wall Street bailouts, the handouts to big banks, and the handouts to the auto industry, CHRYSLER and GM, included.
Forget the joblessness and the hollowing out of America's core economy. Forget the unemployed and underemployed college graduates increasingly stressed out and distressed.
Forget the housing meltdown, and the credit crunch, forcing "Johnny Six Pack" and "Soccer Jane Mom" to go belly-up and bankrupt.
The sage of Omaha, Warren Buffett, already prophesied that the U.S. is primed to face an inflationary spiral which is bound to impact the U.S. economy in the form of rising prices. INFLATION. INFLATION. INFLATION with the capital "I."
Somehow, no one is thinking straight and applying some common sense that all these financial borrowing and leverating, and all these bail-outs and economic stimuli packages from the government, will eventually have to be paid for sometime, somewhere by somebody.
And from the looks of things, it will be the ordinary folks in Main Street who will bear the burden.
Consider the latest.... faced with dwindling circulation and an erosion of its advertising base, America's premier newspaper, the New York Times just announced that it will cost US$2 to obtain a copy its daily newspapers, and US$6 a copy for its Sunday edition.
What kind of desperado act is this ? Yao Mo Kao Cho ahhhhh !!!!
GIMME A BREAK.
http://www.breitbart.com/article.php?id=D9808NR81&show_article=1
Is this now "Europe pricing" now working its way into America ?
In Western Europe, we all know how they gouge consumers with prices which are downright obscene. e.g. US$ 10 for a soggy, miserable looking "bockwurst" sausage in a miserable looking bun.
Unfortunately, this model, i.e. the "European pricing" model, appears to be the trend which is increasingly happening in America.
The U.S. dollar ain't worth beans pretty soon.
Hoard up on the yuan (renminbi), fellas.
The professor of doom and gloom, Noriel Roubini,and his fellow professor from New York University Stern School of Business, Matthew Richardson penned the following op-ed article, which appeared in the WSJ. You be the judge.
http://online.wsj.com/article/SB124147831175584985.html
