$60 flip flops & "Select Hobo Pants Now Only $98"
There is an opposing view provided earlier this year by Paul Krugman:
....there’s nothing here to suggest any reason to consider inflation a problem.
Friday, May 27, 2011
Indications from Banana Repubic that the U.S. Is Turning Into a Banana Republic
Lauren Capra reports:
There is an opposing view provided earlier this year by Paul Krugman:
There is an opposing view provided earlier this year by Paul Krugman:
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Sometimes you just have to step up and acknowledge the truth.
ReplyDeleteI have had the great good fortune to travel the world - Africa, India, Asia, Australia, South America, and more. I have hiked in Patagonia and Antarctica, stood on the Great Wall, walked the streets of Hanoi, and watched the great migration in Kenya and Tanzania.
Six years ago I was stranded in Hong Kong for a week (yea, I know - major hardship). Holed up at the Marriott Renaissance I began to read in the English language local papers that the US was not going to survive the approaching economic disaster. I was dumbstruck! Understand it was early 2005. This was front page news in Hong Kong, but not mentioned anywhere in the American media. I decided to investigate further.
The deeper I dug, the more I realized that "Something evil this way cometh." In mid 2005 I began my preparations. That was six years ago. Since then I have witnessed things I never thought I would see in my lifetime.
As I traveled around the world it used to be that everyone wanted "greenbacks" - the good ol' US dollar. Not so much anymore. You visit the Taj Mahal, dollars are not accepted for entrance. Recently while in Mexico, locals would not accept my dollars in payment, and in the middle of the Sarangetti local Masai tribesmen wanted to trade US ten dollar bills for their own currency. The hard truth is that if African tribesmen understand that the dollar is dead, one must ask how much longer this house of cards can remain standing.
I had the same problem in Europe trying to get dollars for local currencies. Some places didn't even carry dollars at all.
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