Sunday, January 25, 2009

Farmboy Economics – Rain On The Scarecrow…

In 15 seconds, these farmers tell you everything you need to know about why government attempts to re-inflate the credit bubble will NOT work.

It’s called pushing-on-a-string. Once everyone is debt saturated, they need INCOME to pay down their debts, not more debt.

“We don’t need loans… it’s just another payment we got to make and we can’t afford to do that.”

It truly is as simple as that…

John Mellencamp - Rain On The Scarecrow:

Don’t worry, I’m working on a far more complex article with charts and facts that will amaze. But if you want the short version… here it is!