we look like a turd world country.
No, actually we look like Japan.
Those monetary velocity graphs tell most of the story. We’re in a liquidity trap, the Fed created it, and they won’t admit that a) we’re in one, b) none of their QE plans are going to do anything about it, other than make it worse.
We have a third grade, third world president who made it all possible in his drive to marginalize America. Just wait for his second term bitch for Bush! Whoever takes it on is going to have huge problems.
Obama? Has planted his seeds for destruction.